Aluminium of Ch China's Chalco Parent Posts over 20 Bln Yuan Profit for 2007

BEIJING (XFN-ASIA) - Chinalco, China's largest alumina and aluminum producer

and parent of listed Aluminum Corp of China Ltd (Chalco), posted a profit of

more than 20 bln yuan last year while core revenue rose 24.1 pct to 131.7 bln

yuan, major local financial newspapers reported.

Chinalco's total assets stood at 201.4 bln yuan at the end of 2007, the

reports said, without giving a comparative figure.

In 2007, Chinalco saw its alumina output rising 8.8 pct year-on-year, while

output of raw aluminum and aluminum alloy was up 20.7 pct, and aluminum

materials output was up 27.4 pct, according to the newspapers.

Referring to Chalco's planned purchase of electrolytic aluminum producer

Lanzhou Liancheng Aluminium, the reports cited Chinalco as saying that the

transaction is still in the process of completing necessary documentation and

awaiting regulatory approval.

    (1 usd = 7.26 yuan)

    jianlin.li@xinhuafinance.com

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.