UC Rusal Q3 revenue jumps 19% on sales recovery

UC Rusal saw an 18.6% year-on-year increase in its third-quarter earnings due to a recovery in sales after the extension of the company’s general licenses by the United States Department of Treasury, the aluminium producer said.

The company’s quarterly earnings before interest, taxes, depreciation and amortization (Ebitda) rose to $2.92 billion in the July-September 2018 period, up from $2.46 billion in the corresponding period of 2017. “Compared with low sales in the second quarter of 2018, there was a one-off recovery of sales volume through the third quarter,” the company said in a financial statement...

Published

Hui Li

November 05, 2018

09:01 GMT

Shanghai