Earnings of Mingtai Al.in H1 up 50%-60%

(China Aluminum Network) Mingtai Al. has announced its earnings in H1 this year, thanks to product mix optimizing, the expansion of high value-added and high precision products and market development the company’s sales and earnings all increased largely. In H1 the net profit attributable to shareholders of listed companies up 50%-60% yoy.

The announcement said the company made full use of capital advantage, launched bank financing operations and realized the steady growth of economic benefit. At the same time the company implemented internal cost control and energy-saving and cost-reducing to seek out cost reduction management mode. In 2014 H1 the sales earning was increased largely when compared with the same period in last year.

At the beginning of this year Mingtai Al. purchased 90.4% shares of Henan Gongdian Heating Power Co., Ltd. In electrolytic aluminium industry, the power charge occupied the most production cost.

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