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Rusal's profit up in Q1

11 May 2018 14:41 reported by Peak Zhou

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Rusal said that the company realized a revenue of US$2.744 billion in the first quarter, up by 19.5% compared to the same period a year ago. The company’s recurring net profit was US$531 million, an increase of 22.4% year on year.

According to the announcement, in the first quarter, the revenue from sales of primary aluminum and alloys increased by 16.9% from the same period last year to US$2.245 billion, which was mainly due to increase in aluminum prices on the LME and the increase in the price premium over the LME in different geographical segments.