RUSAL’s IFRS net profit doubles to $952 mln in Jan–Jun

MOSCOW, Aug 6 (PRIME) -- The net profit of Russian aluminum giant UC RUSAL doubled on the year to U.S. $952 million in January–June from $470 million in the same period of 2017, the company said in a report on Monday.

Adjusted net profit went up 15% to $535 million, while the recurring net profit gained 41.5% to $971 million. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) grew 14.1% to $1.124 billion, and revenue went up 4.9% to $4.997 billion.

The company’s net debt increased by 3% in the period to $7.875 billion as of June 30.

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

https://rusal.ru/upload/iblock/e75/LTN20180806043.pdf

End