Shandong Aluminium Industry Co., which lists yuan-denominated A shares in Shanghai, yesterday posted a 58 percent rise in its first-half net profit from a year earlier, on higher aluminum prices and improved cost controls.

It posted a first-half net profit of 647.4 million yuan (US$80.93 million), up from 410.8 million yuan in the same period last year. Its core revenue rose to 3.08 billion yuan from 2.26 billion yuan in the same period. The figures are according to Chinese accounting standards and are unaudited.

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