HONG KONG Nov 14 Russia's United Company
RUSAL Plc, the world's top aluminium producer, said on
Monday its third quarter net profit jumped
sharply from a year ago despite weak economic
conditions that dampened prices and demand for the light
RUSAL, which competes with U.S.
aluminium maker Alcoa Inc and China's Chalco
, posted a net profit of $ 432 million in
the three months ended September, beating an average
forecast of $ 409 million from 10 analysts
polled by Reuters.
This compared with profit of $ 29 million for the
same period a year earlier, it said in a statement .
Shares of RUSAL ended down 2.4 pct on Friday. They
have lost nearly half of their value this year,
underperforming a 17 percent loss in the benchmark
Hang Seng Index.