UC Rusal doesn’t promise new dividends

UC Rusal made profit for the first time in four years: in 2015, the company received $558 million of the net profit, although this figure can still be adjusted. But for a while, UC Rusal plans to refinance a part of the $1.3 billion debt, which must be repaid in 2016, and to return to the question of the dividend payments in the third quarter.

By results of 2014, UC Rusal also originally announced $293 million of the net profit, but in April due to the impact of reporting and capitalization of Norilsk Nickel (UC Rusal has 27.8% of the shares) adjusted its financial result to $91 million of the net loss. In 2015, the adjusted profit of UC Rusal was $671 million ($17 million in the previous year), normalized (including profits from the package in Norilsk Nickel) - $1.1 billion ($486 million).