Rusal Swings to Profit in Q1 on Higher Aluminum Prices, Cost Control-Shanghai Metals Market

Hot Keywords

  • Lithium hydroxide
  • Copper
  • Nickel ore
  • Production data
  • LME WEEK 2019
  • 2019 South China Metals Summit
  • Inventory data
  • Zinc
  • NPI
  • Market commentary
  • Macroeconomics
  • Sales data
  • Morning comments
  • iron ore
  • Operation update

Rusal Swings to Profit in Q1 on Higher Aluminum Prices, Cost Control

Company News 12:03:49PM May 14, 2015 Source:SMM

 

SHANGHAI, May 14 (SMM) – Rusal posted a net profit of $228 million in Q1 2015, a reversal from $246 million loss for the same period last year, it said in its earnings report filed to the Hong Kong Stock Exchange. 
 
Rusal attributes the positive earnings report to higher LME aluminum prices and cost control. Aluminum cost fell 17.5% from a year ago to $1,437/tonne, it said.   
 
Its revenues rose 16.7% from a year ago to $2.48 billion in Q1. 
 
The global aluminum giant produced 900,000 tonnes of primary aluminum in Q1, down 1.6% quarter-on-quarter (QoQ), but up 1.9% year-on-year (YoY), as well as 1.81 million tonnes of alumina, down 0.6% QoQ, but up 0.3% YoY. 
 
The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
 
Key Words:  Rusal   Rusal Q1 results 

Rusal Swings to Profit in Q1 on Higher Aluminum Prices, Cost Control

Company News 12:03:49PM May 14, 2015 Source:SMM

 

SHANGHAI, May 14 (SMM) – Rusal posted a net profit of $228 million in Q1 2015, a reversal from $246 million loss for the same period last year, it said in its earnings report filed to the Hong Kong Stock Exchange. 
 
Rusal attributes the positive earnings report to higher LME aluminum prices and cost control. Aluminum cost fell 17.5% from a year ago to $1,437/tonne, it said.   
 
Its revenues rose 16.7% from a year ago to $2.48 billion in Q1. 
 
The global aluminum giant produced 900,000 tonnes of primary aluminum in Q1, down 1.6% quarter-on-quarter (QoQ), but up 1.9% year-on-year (YoY), as well as 1.81 million tonnes of alumina, down 0.6% QoQ, but up 0.3% YoY. 
 
The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
 
Key Words:  Rusal   Rusal Q1 results