https://sputnikglobe.com/20181105/russia-rusal-profit-aluminum-production-1069505699.html
Aluminum Giant Rusal Almost Doubles Net Profit to $1.54Bln in Nine Months
Aluminum Giant Rusal Almost Doubles Net Profit to $1.54Bln in Nine Months
Sputnik International
MOSCOW (Sputnik) - Russian aluminum giant Rusal's net profit by International Financial Reporting Standards has almost doubled in the fist nine months of 2018... 05.11.2018, Sputnik International
2018-11-05T01:18+0000
2018-11-05T01:18+0000
2018-11-05T03:29+0000
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Aluminum Giant Rusal Almost Doubles Net Profit to $1.54Bln in Nine Months
01:18 GMT 05.11.2018 (Updated: 03:29 GMT 05.11.2018) MOSCOW (Sputnik) - Russian aluminum giant Rusal's net profit by International Financial Reporting Standards has almost doubled in the fist nine months of 2018, reaching $1.54 billion, the company said in a statement on Monday.
"Rusal's net profit by International Financial Reporting Standards has increased by 98.1 percent in the [first] nine months of 2018, compared to the same period last year, and has reached $1.54 billion," the statement read.
17 August 2018, 02:46 GMT
READ MORE: US Treasury Extends Expiration of Rusal, En+ General Licenses
The aluminum production increased by 1.7 percent in January-September, reaching 2.81 billion tonnes, the statement added.
In August, Rusal reported a double increase in its net profit in the first six months of 2018 under the International Financial Reporting Standards (IFRS), totaling $952 million.
Rusal was among the companies and individuals put on the sanctions list. The giant suffered a share price collapse as a result, while Russian aluminum magnate Oleg Deripaska had to step down as Rusal's director.
