Tianshan Aluminum Expects Doubling of Attributable Profit in H1
Tianshan Aluminum (SHE:002532) forecasts its attributable profit will surge 102% to 4.20 billion yuan in the first half from 2.08 billion yuan in the year-ago period, accroding to a Monday filing with the Shenzhen bourse. The aluminum company's earnings per share could double to nearly 0.91 yuan from 0.45 yuan a year earlier. Tianshan attributed the forecast to a significant rise in aluminum product sales prices alongside cost control and efficiency improvements.
Tianshan Aluminum (SHE:002532) forecasts its attributable profit will surge 102% to 4.20 billion yuan in the first half from 2.08 billion yuan in the year-ago period, accroding to a Monday filing with the Shenzhen bourse.
The aluminum company's earnings per share could double to nearly 0.91 yuan from 0.45 yuan a year earlier.
Tianshan attributed the forecast to a significant rise in aluminum product sales prices alongside cost control and efficiency improvements.