Russia's Rusal Q4 core earnings up 42 pct y/y

By Reuters / February 22, 2018 / www.kitco.com / Article Link

Feb 23 (Reuters) - Russian aluminium giant Rusal almost matched forecasts with a 42 percent jump in fourth-quarter core earnings on Friday, helped by higher aluminium prices.

Hong-Kong listed Rusal said fourth-quarter earnings before interest, taxation, depreciation and amortisation (EBITDA) rose to $586 million from $412 million in the last quarter of 2016. Analysts had expected core earnings of $598 million. Rusal, the world's second-largest aluminium producer after China's Hongqiao , said that its fourth-quarter revenue rose 35 percent to $2.75 billion.

(Reporting By Shashwat Pradhan in Bengaluru; editing by Richard Pullin)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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