Yunnan Aluminium Expects Up to 182% Surge in H1 Attributable Profit; Shares Rise 6%
Yunnan Aluminium (SHE:000807) forecasts a 171% to 182% surge in its net attributable profit to between 7.50 billion yuan and 7.80 billion yuan in the first half from 2.77 billion yuan in the year-ago period, according to a Tuesday filing with the Shenzhen bourse. The aluminum company expects earnings per share to rise to between 2.16 yuan and 2.25 yuan from 0.80 yuan a year earlier. Yunnan Aluminum attributed the expected rise to a rise in market prices of its main products, as well as efficiency improvements and cost-cutting measures. Shares jumped 6% in recent trade.
Yunnan Aluminium (SHE:000807) forecasts a 171% to 182% surge in its net attributable profit to between 7.50 billion yuan and 7.80 billion yuan in the first half from 2.77 billion yuan in the year-ago period, according to a Tuesday filing with the Shenzhen bourse.
The aluminum company expects earnings per share to rise to between 2.16 yuan and 2.25 yuan from 0.80 yuan a year earlier.
Yunnan Aluminum attributed the expected rise to a rise in market prices of its main products, as well as efficiency improvements and cost-cutting measures.
Shares jumped 6% in recent trade.