According to the report announced by United Company RUSAL (RUSAL), the second-largest aluminum company in the world, the firm’s net profit totaled US$558 million in the first 6 months ended June 30th, 2019, down by 41.38% compared to the same period a year ago. The net profit ratio was 11.8%, with the US$0.0367 earnings per share (EPS).
In the second quarter of this year, RUSAL's EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) was up by 33.6% compared to the previous quarter, which was mainly due to great management and the withdrawal of sanctions.
In addition, the firm’s aluminum production had a slight increase of 1% in the second quarter, and the bauxite production rose by 10.7% due to the accumulated seasonal stocks in the North Urals Bauxite Mine and Timan Bauxite Mine.
RUSAL's net profit drops in H1 y-o-y
9 Aug 2019 13:56 reported by Joy Liu
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