RUSAL says IFRS net profit falls by 44.5% to $960 mln in 2019

MOSCOW, Mar 13 (PRIME) -- The net profit of Russian aluminum giant UC RUSAL fell by 44.5% to U.S. $960 million in 2019, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Friday.

The adjusted net loss amounted to $270 million after an adjusted net profit of $856 million a year ago.

Revenue fell 5.5% to $9.711 billion.

Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) more than halved to $966 million.

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

https://rusal.ru/upload/iblock/770/13.03.2020%20RUSAL_FY2019%20Results.pdf

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