Report
Dan Baker
EUR 147.86 For Business Accounts Only

Chalco’s First-Half Results Demonstrate Impressive Cost-Cutting; FVE Intact on Bearish Outlook

Aluminum Corporation of China, or Chalco, reported significantly stronger net profit of CNY 57 million in first-half 2016, compared with CNY 2 million a year ago. The improvement was mainly driven by higher gross margin on the back of lower production cost and stringent expenditure control, despite weaker alumina and aluminum prices. Nonetheless, taking into account the government grants of CNY 433 million and other gains of CNY 433 million (mainly from disposals of assets), the firm is still op...
Underlying
Aluminum Corp. of China Ltd.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Dan Baker

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