In the performance report, CITIC RESOURCES' net profit for the half-year fell by 57% to 152 million yuan

CITIC RESOURCES (01205.HK) announced its interim results for the period ending June this year, with a revenue of HKD 9.382 billion, an increase of 137.9% year-on-year. The net profit was HKD 152 million, a decrease of 57% year-on-year; earnings per share were 1.93 cents. No dividend was declared.

The company stated that the decrease in net profit during the period was mainly due to the continuous decline in crude oil and coal prices. Although the price of electrolytic aluminum slightly rebounded year-on-year, the high prices of raw material alumina in the short term have compressed profit margins