Chalco’s profit soars ten-fold in H1 2017

<p>On Thursday, August 17,&nbsp;Aluminum Corp of China Limited (Chalco) announced the results for the first half of 2017. The company&rsquo;s profit jumped more than tenfold year-on-year in H1 2017.</p> <p style="text-align: left;"><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/chalco%2018th%20August.jpg" alt="news" width="448" height="300" /></p> <p style="text-align: left;">China&rsquo;s leading producer of primary aluminium and alumina reported <strong>net income</strong> of 751.3 million yuan ($112.57 million) in the first six months of 2017, from 67.9 million yuan a year earlier.</p> <p>The company posted 91.3 billion yuan in <strong>revenue</strong> in the first half of this year, an increase of 83 per cent year-on-year from 49.9 billion yuan a year earlier.</p> <p style="text-align: center;"><a href="http://www.alcircle.com/primary_aluminium/newscircle/general/detail/28445/the-wait-is-over-alcircle-exclusive-report-on-potline-failure-now-available-for-purchase" target="_blank"><img style="vertical-align: middle;" src="http://www.alcircle.com/uploads/images/buynow.gif" alt="news" width="480" height="84" /></a></p> <p style="text-align: left;">Prices of LME aluminium reached the highest on Thursday on expectations that the metal industry will curtail supply in China.</p> <p>Chalco's Hong Kong shares increased around 68 percent from January to August, from roughly 35 percent gain for the Hang Seng index, reported by Reuters.</p>