Rusal (00486) announced its mid-term performance for 2024, with revenue of 5.695 billion USD, a year-on-year decrease of 4.21%...
According to the Smart Finance APP, Rusal (00486) announced its mid-term performance for 2024, with revenue of 5.695 billion USD, a year-on-year decrease of 4.21%; net profit of 0.565 billion USD, a year-on-year increase of 34.52%; earnings per share of 0.0372 USD.
During the period, Rusal produced 1.957 million tons of primary aluminum, a year-on-year increase of 2.3%, due to the gradual increase in production at the Taishet aluminum smelter. Rusal produced 2.995 million tons of alumina, a year-on-year increase of 18.94%. It produced 7.94 million tons of bauxite, a year-on-year increase of 17.6%. It produced 1.898 million tons of nepheline, a year-on-year decrease of 17.0%.
Among them, the income from the sale of primary aluminum and alloys decreased by 5% to 4.597 billion USD year-on-year, mainly due to a 2.9% decrease in sales volume of primary aluminum and alloys, as well as a 20.5% decrease in the average premium over the London Metal Exchange price, resulting in a 2.2% decrease in average realized aluminum price per ton.
The income from the sale of alumina increased by 5.5% to 0.191 billion USD year-on-year, mainly due to a 6.4% increase in sales volume.