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Chalco (601600.SH) incurs net loss of RMB2.16 bln in Q1

2014-04-30 GMT+8:00

BEIJING, Apr. 30 (Xinhua) -- China's largest aluminum producer Aluminum Corp. of China Ltd, or Chalco (601600.SH; ACH.NYSE; 02600.HK) said on Wednesday that it suffered a net loss of about 2.16 billion yuan in the first quarter of 2014, much higher than the loss of 975 million yuan in the same period of last year.

According to a filing to the stock exchange, its operating revenue during the period was up 3.01 percent year on year to about 35.24 billion yuan.

Due to the excess aluminum capacity and continuously sluggish prices of the metal, Chalco expects the loss to continue in the first half of 2014.   (Edited by Hu Pingchao,