Minfa Aluminum to see net profit increase by 70%-90% YOY in H1 2017
2017-07-14 17:52:51 [Print]
Minfa Aluminum released the performance prediction on 13 July that its net profits attributable to shareholders during January to June of 2017 will be RMB11.6578-13.0293 million, up by 70%-90% YOY, with the average net profit increasing rate for nonferrous smelters being 112.66%.
The reasons are that the market performed better this year and the sales incomes of aluminum section and aluminum plates moved by about 11% and 50% YOY respectively owing to the rising aluminum prices.
The reasons are that the market performed better this year and the sales incomes of aluminum section and aluminum plates moved by about 11% and 50% YOY respectively owing to the rising aluminum prices.
Aluminum Scrap Plate Scrap Al 91%min Ex-VAT Delivered China
Unit:RMB/mt
China alumina producers' output statistics by province by month
Unit: mt
