UC Rusal reports about fall in profit and waits for demand recovery
Edited by Rhod Mackenzie / 2016-03-09 05:15:13
UC Rusal waits for recovery in demand for aluminum this year, while the fall in prices to six-year low reduced the company's profit in the fourth quarter by 27%.
In October-December 2015, the adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of UC Rusal declined to $306 million from $420 million in the third quarter, the statement of the company, controlled by billionaire Oleg Deripaska, published on Wednesday, reports. Analysts usually compare results of UC Rusal with the previous quarter, not with the previous year.
