29 AUGUST 2011China Aluminium Network
RUSAL Q2 net profit down 70 pct on yr
Edited by : AL CIRCLE
1 min read
Russia's United Company RUSAL Plc , the world's top aluminium producer, on Monday reported a sharper than expected 70 percent drop in net profit in the second quarter on non-cash items as cost inflation offset higher prices and output.
RUSAL , which competes with U.S. aluminium maker Alcoa Inc , said it expected demand for aluminium to continue to strengthen on increased penetration in consumer markets as well as further price support based on cost inflation, including raw materials, power and labour.
RUSAL , which competes with U.S. aluminium maker Alcoa Inc , said it expected demand for aluminium to continue to strengthen on increased penetration in consumer markets as well as further price support based on cost inflation, including raw materials, power and labour.
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