Tuesday, October 30, 2007

China's Chalco Q3 Net Profit 2.04 Bln Yuan

Aluminum Corp of China (Chalco), the nation's biggest aluminum producer, said third-quarter net profit totaled 2.04 billion yuan.

In the first nine months of the year, net profit was 8.44 billion yuan, Chalco said in a statement to the Hong Kong stock exchange late Monday. It did not provide year-ago figures and other details.

This month, Chalco said it formed a venture with Malaysia's MMC Corp and Saudi Binladin Group to invest 3 billion US dollars in an aluminum smelter project in the Middle East.

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