RUSAL IFRS net profit falls 47.4% to $819 mln in Jan–Sep - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

RUSAL IFRS net profit falls 47.4% to $819 mln in Jan–Sep

Metallurgiya02MOSCOW, Nov 8 (PRIME) -- The net profit of Russian aluminum giant UC RUSAL fell 47.4% on the year to U.S. $819 million in January–September, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Friday.

RUSAL’s shares fell 4.15% to 28.605 rubles as of 10:07 a.m., Moscow time, on the Moscow Exchange.

The adjusted net loss amounted to $132 million after an adjusted net profit of $873 million a year ago.

Revenue fell 8.8% to $7.222 billion.

Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) more than halved to $765 million.

For further details, please, see the company’s report on its official website:

https://rusal.ru/upload/iblock/eb8/08.11.2019%20RUSAL_3Q2019%20Financial%20Results.pdf

End

08.11.2019 10:25
 
 
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