Chalco's Q1 Profit Jumps 59%; Hong Kong Shares Up 3%

MT Newswires Live
Yesterday

Aluminum Corp. of China or Chalco's (HKG:2600, SHA:601600) attributable profit rose 59% to 3.54 billion yuan in the first quarter from 2.23 billion yuan in the year-ago period, after adjustments, according to a Thursday filing with the Hong Kong bourse.

Earnings per share at the Chinese aluminum company increased 59% to 0.207 yuan from 0.130 yuan in the previous year.

Revenue grew 14% to 55.8 billion yuan from 49 billion yuan a year earlier.

Hong Kong shares of the company gained nearly 3% in morning trade Friday.

Price (HKD): $4.33, Change: $+0.12, Percent Change: +2.85%

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