Yunnan Aluminum Company Heads better in Q3

Impacted by the financial crisis, the Yunnan Aluminum Company£¨000807.SZ)£©released today the company predicted loss on the first nine months, however, the situation has turned better in Q3 despite less hike compared with last year.

According to the company's post, the net profit of the company from Jan-Sep is -60.9¡«-62.9 million yuan, while the company get rid of the loss in Q3, in this quarter, 53¡«55million yuan net profit has been realized. although this data is 6.19%¡«9.60% less than that of last year, the results is still quite encouraging.

The company analyzes that the main reason for the loss is caused by the influence of the financial crisis. With poor aluminum market, the aluminum price plunge to a low level. But the situation has headed for better in the first half year. in addition, with the recovery of the aluminum consumption, the price keeps raising. Thus, the company's profit increased MoM.

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