Chalco Posts Smallest Quarterly Loss This Year on Aluminum Price
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Aluminum Corp. of China Ltd. posted the smallest quarterly loss this year as the nation’s biggest producer of the metal benefited from increasing prices.
The company, known as Chalco, posted a loss of 1.29 billion yuan ($211 million), or a loss of 0.10 yuan per share, in the three months ended Sept. 30, from a loss of 1.22 billion yuan, or 0.09 yuan per share, a year ago, it said in a statement, citing Chinese accounting standards. The company had a loss of 2.16 billion yuan in the first quarter and 1.97 billion yuan in the second, according to Bloomberg data.