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Rusal profits jump 41% on aluminium price
Edited by : AL CIRCLE
1 min read
Russia's Rusal aluminium giant on Thursday reported a 41 per cent rise in core quarterly profits and predicted a further rise in global prices that should help it overcome growing local tax burdens.
The world's top aluminium producer reported a 40.6 per cent jump in its first quarterly EBITDA -- a pre-deductions earnings indicator closely watched by analysts and investors -- to $US682 million ($A639.0 million).
The company reported net profits of $US746 million ($A698.96 million) on an aluminium output increase of 4.2 per cent.
The world's top aluminium producer reported a 40.6 per cent jump in its first quarterly EBITDA -- a pre-deductions earnings indicator closely watched by analysts and investors -- to $US682 million ($A639.0 million).
The company reported net profits of $US746 million ($A698.96 million) on an aluminium output increase of 4.2 per cent.
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