Mingtai Aluminum, a leading manufacturer of aluminum products in China, reported on October 11 that its net profit will reach RMB 1.4 billion to 1.42 billion in the first three quarters, increasing by 95% to 98% compared to the same period a year ago.

During the period, the firm’s net profit after deducting non-recurring gains and losses was posted at RMB 1.18 billion to 1.2 billion, a year-on-year hike of 99% to 103%.