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Aluminum Corp Of China's 9-Mth Net Profit Down 44.7% Y/Y
Chalco Posts H1 Net Profit Down 14.1% Y/Y
Aluminum Corp Of China Updates On Shareholding Increase By Controlling Shareholder In Co
Aluminum Corporation of China Limited (Chalco) is an aluminum producer with operations in bauxite and coal mining, alumina refining and primary aluminum smelting. The Company operates through alumina segment, including the mining and purchasing of bauxite and other raw materials, and production and sale of alumina, as well as alumina-related products; primary aluminum segment includes the procurement of alumina, other raw materials, supplemental materials and electricity power, the production and sale of primary aluminum and aluminum-related products; trading segment is engaged in the trading of alumina, primary aluminum, other non-ferrous metal products, and crude fuels; energy segment includes coal mining and power generation, including conventional coal-fire power generation and renewable energy generation, such as wind power and photovoltaic power, and corporate and other operating segment includes corporate and other aluminum-related research, development, and other activities.
Xizhimen North Avenue, Haidian District
Chairman of the Board
President, Executive Director
Chief Financial Officer, Secretary of the Board
Senior Vice President, Executive Director
Vice President, Executive Director
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* July-Sept profit down 84% from year ago on higher costs (Recasts with operational data)
* Jan-June output 1.89 mln T vs 2.06 mln T yr-ago - presentation
* Jan-June net profit down 14.1% y/y at 705.8 mln yuan - statement
* Company posts Q1 net income of 444.9 mln yuan, up 46 pct y/y
Aluminum Corp of China Ltd , known as Chalco, said on Monday its profits rose 46 percent year-on-year in the first quarter as aluminium prices stabilised and asset disposals swelled its bottom line.
* Output rise comes despite capacity closures, price slump (Adds comments, Chalco's results)
Aluminum Corp of China Ltd , known as Chalco, said on Thursday its chairman Yu Dehui had resigned and been replaced by the company's president, Lu Dongliang.
Aluminum Corp of China Ltd , known as Chalco, said on Wednesday it had proposed selling 190,000 tonnes of annual aluminium smelting capacity to a Yunnan-based unit of its parent, Chinalco, for 950 million yuan ($141 million).
* Company has closed 850kt of capacity since 2018 - consultancy
China's exports of alumina last month were roughly equal to September's bumper volumes, the president of Aluminum Corp of China Ltd , said on Wednesday.
* Company is listed arm of China's top state aluminium producer
State-owned Aluminum Corp of China, or Chinalco, said on Monday it told its rare earth unit in southern China's Guangxi region to suspend operations after inspectors found the company breached environmental rules.
Aluminum Corp of China Ltd said on Thursday it would buy back stakes in four subsidiaries barely one month after selling them to a group of outside investors for a combined 12.6 billion yuan ($1.94 billion).
Aluminum Corp of China Ltd <6001600.SS> <2600.HK> on Wednesday said it had agreed a debt financing plan, worth up to 10 billion yuan ($1.53 billion), with China Pacific Insurance Group Co <601601.SS> to help fund construction of key projects.
Aluminum Corporation of China Ltd's (Chalco) net profit more than doubled in 2016, marking a second straight year of profitability thanks to recovering non-ferrous metal prices and cuts in production costs.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.