According to the annual sales performance in 2019 released by Aluminum Corporation of China Limited (Chalco), the firm’s operating income had a year-on-year increase of 5.46%, reaching around RMB 190 billion. The net profit attributable to shareholders was around RMB 850 million, a year-on-year hike 2.38%.
In 2019, Chalco’s operating income of alumina sector had a year-on-year drop of RMB 251 million, which was mainly due to a decrease in alumina prices; that of the primary aluminum sector had a year-on-year decrease of around RMB 4.7 billion, mainly due to a decline in the production and sales of primary aluminum.
However, Chalco’s operating income of the trading sector had a year-on-year increase of roughly RMB 16.67 billion, mainly due to an increase in the trading volume of electrolytic aluminum, alumina, imported coking, and so on.
Chalco’s operating income hikes in 2019
30 Mar 2020 13:35 reported by Joy Liu
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