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The latest announcement is out from Aluminum of China ( (HK:2600) ).
Aluminum Corporation of China Limited announced a substantial asset impairment loss of RMB2,620 million for the year 2024, impacting its financial results by reducing profit before tax by the same amount. The company plans to focus on revitalizing and disposing of impaired assets to recover their residual value, reflecting its commitment to maintaining financial health and operational efficiency.
More about Aluminum of China
Aluminum Corporation of China Limited, also known as Chalco, operates in the aluminum industry, focusing on the production and sale of aluminum products. The company is a significant player in the market, with operations that include mining, refining, and smelting of aluminum.
YTD Price Performance: 19.64%
Average Trading Volume: 11,182
Technical Sentiment Signal: Strong Sell
Current Market Cap: $16.93B
For detailed information about 2600 stock, go to TipRanks’ Stock Analysis page.