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The Aluminum Corp. of China Ltd. posted its smallest quarterly loss this year as China’s largest producer of aluminum reaped the reward of increasing prices.
The Aluminum Corp. of China Ltd. posted its smallest quarterly loss this year as China’s largest producer of aluminum reaped the reward of increasing prices.
According to Bloomberg:
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.
