In 2014 RUSAL is going to cut down the aluminum output, the company informed.
The reduction program was launched in 2013 to yield 325ths ton in the drop.
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 9-month 2013 net profit (IAS) moved up 30.56% to $470mln from $360mln prior year period; revenues dropped 7.64% to $7.635bn from $8.267bn; corrected EBITDA - 20.75% to $550mln from $694mln; EBITDA coming to 7.2% vs. 8.4% prior year