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Rusal’s adjusted net profit in 2Q down by 31% quarter-on-quarter to $218 mln

In comparison with the second quarter of 2017, the adjusted net profit grew by 8%

© Alexander Kolbasov/TASS

MOSCOW, August 6. /TASS/. Adjusted net profit of Russian aluminum producer Rusal in the second quarter of 2018 decreased 31% in comparison with the first quarter and amounted to $218 mln, the company said in its interim report.

In comparison with the second quarter of 2017, the adjusted net profit grew by 8%.

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In January-June, the company’s adjusted net profit rose by 15% to $535 mln.

In the second quarter, revenues decreased by 18% quarter-on quarter to $ 2.25 bln. In comparison with the second quarter of 2017, this indicator decreased by 8.7%.

In January-June, the company’s revenues increased by 4% to $4.99 bln.

The company's board of directors did not recommend paying dividends for the first half of the year.

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