H1 Net Profit of Chalco Skyrocketed by 8511% YoY

SHANGHAI, Aug 25 (SMM) - Chalco reported 120.74 billion yuan of revenues in H1, a year-on-year increase of 43.55%, mainly due to the increase in trade revenue and rising prices of its main products. Net profit attributable to shareholders of listed company was 3.08 billion yuan, an increase of 8511% year-on-year, mainly due to increase in the gross profit of its main products.

Its alumina output rose 14.3% YoY to 8.25 million mt in H1, and primary aluminium output rose 5.5% to 1.96 million mt. Its bauxite output increased by 34.9% YoY.