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Chalco (601600.SH) guides net loss of RMB16.3 bln in 2014

2015-02-02 GMT+8:00

BEIJING, Feb. 2 (Xinhua) -- Aluminum Corp. of China Ltd., or Chalco (601600.SH; ACH.NYSE; 02600.HK), China's largest aluminum producer, said on Monday that it expected net losses of 16.3 billion yuan in 2014.

The aluminum conglomerate earned net profits of 948 million yuan in 2013.

The company attributed the loss mainly to assets impairments, sharper fall in aluminum prices than in production costs, and others.  (Edited by Hu Pingchao,