Aluminum Corp. of China 1Q Net Profit Drops, Dragged by Revenue Decline
Provided by
Dow Jones
By Bingyan Wang
Aluminum Corp. of China's net profit dropped 9.8% in the first quarter as revenue declined.
The company said Tuesday that net profit reached 1.81 billion yuan ($261.1 million) in the quarter, down 9.8% from the same period a year earlier.
Revenue dropped 18% to CNY66.28 billion in the first quarter, which lower the operating profit to CNY3.38 billion from CNY 4.60 billion a year earlier.
Write to Bingyan Wang at bingyan.wang@wsj.com
(END) Dow Jones Newswires
April 25, 2023 20:02 ET (00:02 GMT)
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