Aluminum of China (HK:2600) has released an update.
Aluminum Corporation of China Limited anticipates a significant rise in profits for the first half of 2024, with expected net profits reaching up to RMB7.3 billion, marking an increase of up to 114% compared to the previous year. The company’s projected net profits after accounting for non-recurring items also show a substantial year-on-year growth, potentially reaching up to 150%. These estimates, yet to be audited, suggest a robust financial performance and could signal an attractive opportunity for investors.
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