Aluminum Corporation of China (CHALCO) (02600) said it reported a net profit attributable to the owners of Rmb27.58 million for the six months ended 30 June 2015, as compared to the loss of Rmb4,123 million for the same period last year.
The turnaround was mainly attributable to the decrease of production cost of the Group's principal products of about 6% to 10% in current period as compared with the corresponding period of the preceding year, as well as increased price of alumina products and gains from partial disposal of shares of Jiaozuo Wanfang Aluminum Manufacturing Co., Ltd., resulting in turning loss into profit of CHALCO.
Basic and diluted earnings per share were Rmb0.2 cent.
The revenue was Rmb66,087 million, a decrease of 5.7% from a year earlier, which was mainly attributable to a decrease in sales volume of trading.
No interim dividend will be distributed.
28/08/2015 10:16
CHALCO (02600) interim net turns black to Rmb27.58m; no div
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