According to the reports from Aluminum Corporation of China Limited (Chalco) on April 23rd, the sales revenue was around RMB 36.7 billion in the first quarter of 2018 which was less by 10.5% than the same period last year due to the influence of falling aluminum price.
Chalco earned about RMB 38 million profits in the fourth quarter of last year which was the worst profits performance in recent 2 years. Chalco stated that the bad sales performance was due to the sluggish aluminum market and the increasing costs in aluminum producing and raw materials.
Aluminum price falls to cause lower profits for Chinese Chalco in Q1
27 Apr 2018 14:51 reported by Sienna Wu
- A
- A
- A