Jiangxi Copper Advances in Shanghai as Profits Swell by Half
- Producer cut management costs and financial expenses fell
- Chalco net income contracts by 60% in first three months
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Jiangxi Copper Co., China’s biggest smelter of the metal used in pipes and wiring, advanced in Shanghai after profit jumped 49 percent in the first quarter.
The shares increased by as much as 1.7 percent to 14.06 yuan ($2.17) and closed at 13.93 yuan, snapping a three-day slide.