AT A GLANCE: Rusal net profit plunges 43.5% due to low LME price

A summary of UC Rusal's financial results for the full year to December 31, 2019.

In brief: 

Rusal recorded a net profit of $960 million in the 12 months to December 31, 2019 compared with $1.698 billion in 2018, a fall of 43.5%. The company’s revenue fell by 5.5% to $9.711 billion from $10.28 billion over the same period of 2018.  Rusal attributed the fall in profit to a 15.1% decrease in the average London Metals Exchange aluminium price to $1,792 per tonne in 2019 from $2,110...

Published

Karen Ng

March 13, 2020

12:28 GMT

Singapore