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RUSAL/PPG signed contract.

RUSAL and The First Cargo Company (PGK) signed an exclusive 3-year servicing contract on the products delivery, the company informed.

The volume of the aluminum and other products loading is expected to come to 90-120ths ton.

The contract is settled within the PGK strategy aimed to develop long term relationships with the key clients and to increase the share of the Company in the transportation of the products from large industrial holdings.

RUSAL (TIN 7709329253) is a leading aluminum producer in the world. It covers 10% on the world aluminum and alumina markets each. RUSAL has representations in 19 countries. The products are sold in Europe, North America, Southeastern Asia, Japan and South Korea. The common stocks are traded on Hong Kong Stock Exchange; GDRs - on NYSE Euronext in Paris.

The major holders involve En+ Group having 47.41%; ONEXIM - 17.02%; SUAL - 15.80%, Amokenga Holdings (100% Glencore sub) - 8.75%; top managers - 0.26%, others - 10.75%.

The 2013-losses at RUSAL increased 6.1 fold (IAS) to $3.222bn from $528mln prior year; revenues declined 10.4% to $9.76bn from $10.891bn; EBITDA - 28.9% to $651mln from $915mln. It can be explained by the negative investment expectations as far as the price on aluminum rallied down 8.6% from $2.018ths/ton in 2012 and to $1.845ths/ton in 2013. The net debts plunged 6.6% to $720mln.

The 2013-net profit reached 17.501bn rub. (RAS) vs. 95.656mln rub. in losses; revenues moved up 3.33 fold to 26.438bn rub. from 7.95bn rub.;

profit from sales - 18.58 fold to 22.931bn rub. from 1.234bn rub.; pretax profit coming to 16.673bn rub. vs. 120.466mln rub. in losses

"AK&M", 25.04.2014


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