Chalco Announces 2024 Profit Distribution Proposal

An announcement from Aluminum of China ( (HK:2600) ) is now available.

Aluminum Corporation of China Limited has announced a profit distribution proposal for the year 2024, which includes a cash dividend of RMB0.217 per share. This distribution is split between an interim dividend of RMB0.082 and a proposed final dividend of RMB0.135 per share. The proposal reflects a 30.02% distribution of net profit attributable to shareholders, and it is pending approval at the company’s 2024 annual general meeting. The company plans to maintain the per-share distribution amount even if the total share capital changes before the equity registration date, ensuring stability for shareholders.

More about Aluminum of China

Aluminum Corporation of China Limited, also known as Chalco, operates in the aluminum industry, focusing on the production and distribution of aluminum products. The company is a major player in the market, with a significant presence in the Chinese and international aluminum sectors.

YTD Price Performance: 19.64%

Average Trading Volume: 11,182

Technical Sentiment Signal: Strong Sell

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