
Chalco H1 profit up by 128pct
CapitalVue reported that Aluminum Corporation of China posted 127.8% YoY increase in H1 2011 profit or 75.6% of its full year 2011 target.
Sales revenue rose 10.9% accounting for 52.4% of its 2011 target. Output of nonferrous metals increased 0.3% YoY.
The company did not disclose the exact earnings numbers. It said that the copper, engineering and trading businesses exceeded its profit targets while its rare earth business returned to profit.
(Sourced from CapitalVue)










