Aluminum and aluminum price out of the upward market
Nonferrous industry leader Chinalco has released its semi-annual report recently. In the first half of the year, its operating income was 82.1 billion RMB, down 10.24% year-on-year. However, the net profit attributable to shareholders of listed companies reached 848 million RMB, an increase of 15.13% year-on-year. Chinalco's response to the media highlighted three factors: total profit, asset-liability ratio and operating cash flow. In the first half of the year, China Aluminum's total profit was 1.93 billion RMB, an increase of 22% year-on-year; the asset-liability ratio was 66.72%, a decrease of 0.55 percentage points from the beginning of the year. In the first half of the year, the company achieved a net cash flow of 6.74 billion RMB, a record high in the past five years.
News Date: August 22th, 2018. Reported by Doreen.