皇冠体育applco subsidiary reports first-half net loss
By Zhou Yan | 皇冠体育app Daily | Updated: 2009-08-26 07:53
SHANGHAI: Chalco, the dual-listed subsidiary of the Aluminum Corp of 皇冠体育app, or 皇冠体育applco, reported a net loss of 3.52 billion yuan for the first six months of this year.
The subsidiary of 皇冠体育app's largest alumina (aluminum oxide) producer also denied media reports that parent 皇冠体育applco is in discussions with Rio Tinto over bauxite and alumina production.
Listed on both the Hong Kong and Shanghai exchanges, Chalco's first-half net loss compares to a net profit of 2.39 billion yuan during the same period a year ago. Chalco's revenues dropped 29 percent year-on-year to 27.98 billion yuan.
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