By Bingyan Wang
Aluminum Corp. of China's net profit dropped 9.8% in the first quarter as revenue declined.
The company said Tuesday that net profit reached 1.81 billion yuan ($261.1 million) in the quarter, down 9.8% from the same period a year earlier.
Revenue dropped 18% to CNY66.28 billion in the first quarter, which lower the operating profit to CNY3.38 billion from CNY 4.60 billion a year earlier.
Write to Bingyan Wang at bingyan.wang@wsj.com
(END) Dow Jones Newswires
04-25-23 2002ET