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ALUMINUM CORPORATION OF CHINA LIMITED (601600)50% YOY Net Profit Decrease Projected
The company's net profit for 1H 2008 will likely decrease by more than 50%YOY, based on 1H 2007 net profit of RMB 6.4 bln and EPS of RMB 0.53. The decrease stems from poor operations during the period, mainly the result of power shortages and increases in prices for raw materials, both caused by disastrous snowstorms throughout China. CN01/DM/BT/MM |
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Copyright NewsnChina 2008 |