MOSCOW, Aug 13 (Reuters) – Russian aluminium producer Rusal
mentioned on Friday its first-half internet revenue jumped to
$2.zero billion from a lack of $124 million a yr in the past as a consequence of
larger gross sales and stronger costs for the steel.
Hong-Kong listed Rusal, the world’s third largest aluminium
producer behind China’s Chinalco and Hongqiao
, elevated its January-June gross sales by 6% yr on yr,
whereas the common worth for a tonne of aluminium rose by 30%.
Rusal sells the steel, utilized in development and electronics
amongst different industries, to Europe, the USA and Asia.
It has been hit by Russia’s authorities resolution to boost export
taxes for the nation’s metals producers for August-December.
Rusal mentioned in June that the 15% export tax on aluminium
exports, or a minimal of $254 a tonne, would value it a number of
hundred million {dollars} this yr and will result in decrease 2021
gross sales.
Rusal’s board beneficial to not pay dividends for the primary
half of 2021, the corporate added in a press release on Friday.
(Reporting by Polina Devitt; modifying by Elaine Hardcastle)
(([email protected]))
Key phrases: RUSAL RESULTS/
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