The world’s largest aluminium producer posted a profit of $116 million in the quarter, the first time since the January-March 2013 period, it said on Wednesday August 27.
Aluminium companies are benefitting from rising aluminium prices and record-high premiums.
Rusal’s adjusted earnings before interest, taxes, depreciation and ammortisation (Ebitda) in the second quarter of 2014 was $220 million, up 26.4% year-on-year.
“The Ebitda increase seems driven by lower costs, reduction in power tariffs and a depreciation in rouble. It's actually softer than consensus and their guidance of an Ebitda in excess of $600 million in the second half is also shy of expectations of over $750 million,” an analyst who follows the miner closely said.
Ebitda margin improved to...