Aluminum Corp. of China's 3Q Net Profit Jumps on Higher Prices

By Ben Otto

Aluminum Corp. of China Ltd.'s net profit soared in the third quarter, helped by higher product prices that contributed to a steep jump in revenue.

The alumina producer, better known as Chalco, posted a net profit of 2.23 billion yuan ($349.4 million) for July-September, up from CNY416.1 million a year earlier, it said late Tuesday.

Revenue in the quarter rose 51% to CNY74.19 billion.

For the first nine months of the year, output of alumina rose 13% from a year earlier while export of self-produced alumina rose 30%, Chalco said.

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(END) Dow Jones Newswires

10-26-21 2127ET