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Chalco reports profits in H1

By Cai Muyuan (chinadaily.com.cn)
Updated: 2010-08-25 11:20
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Aluminum Corp of China Ltd (Chalco) said its revenue in the first half of 2010 rose 113.61 percent year-on-year to 59.78 billion yuan and its net profit was 531 million yuan, Yicai.com reported Tuesday.

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Although the company turned losses into gains compared to last year, the nation's biggest maker of aluminum swung to a loss in the second quarter again after China raised rates for power.

Chalco posted a net loss of 96 million yuan in the second quarter, according to numbers derived from the company's half-yearly statement released Monday night. That's the fourth loss in six quarters.