Reuters logo
RUSAL says Q3 recurring net loss $76 mln, lags forecasts
November 12, 2012 / 12:30 AM / in 5 years

RUSAL says Q3 recurring net loss $76 mln, lags forecasts

HONG KONG, Nov 12 (Reuters) - Russia’s United Company RUSAL Plc, the world’s top aluminium producer, posted its biggest quarterly net recurring loss since its 2010 listing as product prices extended their decline due to a global oversupply of the lightweight metal.

RUSAL , which competes with U.S. aluminium maker Alcoa Inc, reported on Monday a recurring net loss of $76 million in the three months ended September. That lagged the average forecast for a $35 million loss in a Reuters poll of nine analysts.

The figure compared with a recurring net profit of $620 million a year earlier.

Recurring net profit is defined as adjusted net profit plus the company’s net effective share in the results of Russian miner Norilsk Nickel.

It made a net loss of $118 million for the three-month period against $432 million profit a year ago. It reported an adjusted net loss was $248 million versus a profit of $351 million a year earlier.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below