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Russian Aluminum First Three Quarter Results Were Less Affected By Sanctions
- Dec 25, 2018 -

In the first quarter, the company's aluminum ingot production in the first quarter of 2018 was 931,000 tons, up 2.3% year-on-year and 1.5% month-on-month; alumina production was 1.892 million tons, up 0.2% year-on-year and 5% quarter-on-quarter; bauxite 2018 The output in the first quarter of the year was 2.96 million tons, an increase of 3.2% year-on-year and an increase of 0.5% from the previous month. In the second quarter, the company's alumina output was 1.92 million tons, down 0.21% year-on-year; bauxite production was 3.32 million tons; primary aluminum output was 939,000 tons, up 0.86% from the first quarter. After 119 days of sanctions by the United States, Rusal (00486) announced an interim result of doubling its net profit. In the first half of this year, Rusal achieved a revenue of 4.997 billion US dollars (the same unit), a year-on-year increase of 4.9%; net profit of 952 million US dollars, an increase of 102.6%; basic earnings per share of 0.0627 US dollars. In the third quarter, the adjusted earnings before interest, taxes, depreciation and amortization were US$676 million, and the third quarter revenue was US$2.92 billion. In the first three quarters of 2018, the company achieved a revenue of 7.915 billion US dollars (the same unit), a year-on-year increase of 9.6%; net profit of 1.549 billion US dollars, an increase of 98.1%; adjusted net profit of 873 million US dollars, an increase of 20.1%. From the performance point of view, Russia's actual impact on sanctions is relatively limited, and still maintain a bright net profit.