Shangxi Guanlv Co.,Ltd midterm net profit down 67.57% year-on-year

2008 midterm report released in August 26 reveals: from Jan to Jun, Guanlv produced electrolytic aluminium 53,593.193T, down 4,538.738T year-on-year; sales income of major business 1,377,612,200 yuan, down 6.92% to 1m480,000,400 yuan; net income to parent company 46,166,000 yuan, down 67.57% to 142,372,100 yuan year-on-year.

Above changes were caused by rise in raw materials and electric prices that lifted cost and decreased investment return.

In face of the difficulties, the company adopted scientific management according to macro policy, it optimized product structure, further upgraded technique level to cut production cost and develop venture resistant capability.

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