2013 "UC RUSAL" finishes with a loss of $ 3.2 billion under IFRS, adjusted net loss for the year increases by 32.9 % to $ 662 million.
Edited by Rhod Mackenzie / 2014-03-28 06:36:14
Finance Metals and mining Norilsk Nickel RUSAL Russia Financial results Russia Metals and Mining Aluminium Nickel
According to the results of 2013 the loss of UC "Rusal" totaled $ 3.222 million, the published financial performance of the aluminum producers testifies. As the company states, most of this loss - about $ 2 billion - is due to writedowns and restructuring costs carried out by the company, related to non-cash write-off of goodwill and certain long-tern assets, including the Taishet aluminum plant, whose launch is postponed until the market conditions improve, as well as to program on production capacity optimization. The adjusted net loss for the year increased by 32.9 % to $ 662 million.
