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China’s top aluminum maker Chalco net dives 92 percent

Posted on 27 October 2008

From Reuters: Aluminum Corp of China Ltd, the world’s No.3 alumina producer, said its third quarter net profit dived 92 percent, dented by high production costs and sliding aluminum prices amid weakening demand in a slowing world economy.

Also known as Chalco, the country’s top alumina and aluminum maker reported a net profit of 182.9 million yuan ($26.7 million) in the quarter ended September, down from a restated profit of 2.29 billion yuan a year ago, under Chinese accounting standards…… Full Article: Source


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