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Chinese Aluminum Giant Chalco Posts Poor Quarterly Earnings Report, with Alumina and Primary Aluminum Output both Down
Apr 26, 2023, at 3:35 pm
SMM
On April 25, Chalco's first quarter report showed that its revenue was 66.28 billion yuan, a year-on-year decrease of 17.6%; the net profit attributable to shareholders of listed companies was 1.8 billion yuan, a year-on-year decrease of 9.78%.
On April 25, Chalco's first quarter report showed that its revenue was 66.28 billion yuan, a year-on-year decrease of 17.6%; the net profit attributable to shareholders of listed companies was 1.8 billion yuan, a year-on-year decrease of 9.78%.
The company produced 3.98 million mt of alumina in the first quarter, a drop of 10.13% year-on-year. Its primary aluminum output was 1.53 million mt in the first quarter, down 0.94% from the same period last year.
