Chalco's Q1 Profit Jumps 56%, Revenue Climbs 5%

MT Newswires Live

04/24

Aluminum of China (SHA:601600, HKG:2600), or Chalco, said its net profit attributable to shareholders in the first quarter jumped 56% to 5.53 billion yuan from 3.54 billion yuan, according to a Hong Kong bourse filing on Thursday.

The aluminum producer's Hong Kong shares rose 1% during the Friday's morning trade.

Earnings per share rose 57% to 0.322 yuan from 0.205 yuan.

Revenue increased 4.9% to 58.5 billion yuan from 55.8 billion yuan in the prior year.

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