October 2, 2012 (Chinavestor) Overall, Aluminum Corporation of China Limited (NYSE: ACH) (Chalco) had a strong revenue growth from FY2009 to FY2011. Over the three years, Chalco’’s revenue grew from $10,280.21 million to $22,916.87 million. Revenue figure for FY2011 representing a 25.27% growth compare with last financial year. According to the company’s annual report, this was mainly attributable to the increase in the external sales and trading volume of the Group’s major products.
Compare revenue with Chalco’s major competitors Aluminum Company of America (NYSE: AA) (Alcoa) and United Company RUSAL (SEHK: 0486) (RUSAL), we can see how strong Chalco’s growth in revenue was in the past 3 years. Chalco had the lowest revenue among the three companies before 2009. But started from 2009, Chalco benefits from China’s economic growth and aluminum products demand, as well as its own monopolistic position in Chinese market. Chalco’s revenue doubled in just 2 years from 2010 to 2011, exceeded RUSAL’s revenue in 2009 and came close to Alcoa’s revenue in 2011.
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