Tuesday, August 31, 2010

Net Profit of Rusal in 2010

Net profit of RUSAL by  International Financial Reporting Standards (IFRS) in the I half of 2010 amounted to 1 billion 268 million dollars compared with a net loss of $ 868 million in I half of 2009., the press service of the company reported.
Revenues for the period increased by 41,6% - up to $ 5.321 billion rise in the company connects with an increase in aluminum prices.
Operating profit for Rusal in the I half of 2010 amounted to 1 billion 034 million dollars compared with a loss of $ 487 million dollars in the I half of 2009. Operating margin was 19%.
Adjusted data EBITDA in the I half of 2010 increased to 1 billion 325 million dollars compared with a negative adjusted EBITDA of $ 144 million, up I half of 2009. Adjusted EBITDA margin was 24.9%.
Investment in enterprise development and construction of new assets amounted to 457 million dollars, of which 208 million dollars were used to refinance the loan for the project BEMO, $ 52 million from funds raised during the IPO, were used to repay the loan on a BEMO According to the agreement on debt restructuring for Rusal.
The market value of company-owned stake in OAO GMK Norilsk Nickel, as at 30 June 2010 amounted to 7 billion 168 million dollars compared to 6 billion 707 million dollars at 31 December 2009. Thanks to positive dynamics of growth stocks in the I half of 2010 .

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