China's aluminum producer Aluminum Corp. of China Ltd., or Chalco (601600.SH; ACH.NYSE; 02600.HK) said on late Thursday that it is expected to earn net profits of about 200 million yuan.
According to a filing to the stock exchange, the company incurred a net loss of 16.217 billion yuan in 2014.
In order to turn losses into profits, it further reduced production costs and shut down some production lines, which brought costs of producing alumina and electrolytic aluminum down 13 percent and 9 percent, respectively. It also vitalized the existing assets and introduced the strategic investors to optimize its industrial layout, said the company.
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