Showing posts with label BEMO. Show all posts
Showing posts with label BEMO. Show all posts

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 .