RUSAL swings to $124 mln IFRS net loss in January–June

MOSCOW, Aug 13 (PRIME) -- Russian aluminum producer RUSAL posted a net loss of U.S. $124 million in January–June after a net profit of $625 million in the same period of 2019, as calculated under International Financial Reporting Standards, the company said in a statement on Thursday.

Adjusted net loss decreased 35.7% to $63 million, normalized net loss was $76 million after a normalized net profit of $666 million.

Revenue fell 15.2% to $4.015 billion, adjusted earnings before interest, taxes, depreciation and amortization decreased 58.3% to $219 million.

Net debt decreased 7.8% to $5.964 billion.

For further details, please see the report on the official website of the company:

https://rusal.ru/upload/iblock/7f1/7f1ad2eabf004de02e1ddacb9290683b.pdf

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