Alcha Aluminum suffers 14.68 mln yuan of loss in Q1

Beijing, Apr 22 (Antaike)--Alcha Aluminum achieved 450 mln yuan of operating income in the first quarter of 2013, down by 12.5% year on year, and net profit belonging to its shareholders was -14.68 mln yuan, up by 58.85% -year on year compared with the -34.83 mln yuan in 2012.

The company said that the continuous declining of the non ferrous metals prices was the main reason to the loss, and it forecasted that Q2 aluminum price was still depressing, which its influence to the whole industry would continue.

Founded in December, 2002, Jiangsu ALCHA Aluminum Co., Ltd. is an Aluminum fabricating company whose main part is Changshu Aluminum foil factory. It is listed in Shenzhen Stock Exchange on 21th, August, 2007 (stock name: ALCHA, stock No.:002160).

ALCHA belongs to non-ferrous metal fabricating field, specialized in the R&D, manufacture and sales of Aluminum foil, sheet and strip. The company has Al fabricating and deep-drawing process (such as Al ingot smelting, hot rolling (continuous casting), rough and finished rolling, accuracy treatment, heat treatment, coating and slitting) producing and testing equipments, having producing capacity of 100,000 tons of casting and hot rolling mother coil, 150,000 tons of kinds of Al alloy foil strip and mother coil, 50,000 tons of hydrophilic coated Al foil.

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