UC Rusal's net profit reduced by 11 times for first 9 months

For the 9 months of 2012 UC Rusal reduced its normalized IAS profit 11.3 times – from $1.615 billion in 2011 to $143 million, RIA News reports with reference to the company’s press service.

This result proved to be lower than forecasted by analysts ($209.3 million).

The proceeds reduced by 12.8% - to $8.267 billion from $9.485 billion in 2011.

Corrected EBIDTA was reduced by 3 times – to $694 million from $2.130 billion. Analysts expected the proceeds at the rate of $8.249 billion  and EBIDTA – $678.9 million.

UC Rusal is the largest aluminium producer in the world. The main products of the company are primary aluminium, aluminium alloys, foil and alumina. The plants and the missions of Rusal are situated in 19 countries at five continents. The company sells its products mainly in Europe, North America, South-East Asia, Japan and Korea.

 

Source: http://www.rg.ru/2012/11/12/rusal-anons.html

Translated by Alexandra Utyasheva

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer