EN+ Group's net profit for the first half of the year decreased by 19.3%

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AK&M 18 August 2022 15:37

EN+ Group's net profit for the first half of 2022 decreased by 19.3% to $1.8 billion from $2.23 billion a year earlier. Revenue increased by 27.9% to $8.3 billion from $6.5 billion, adjusted EBITDA increased by 25.8% to $2.38 billion from $1.89 billion. This is stated in the company's message.

En+ Group is a leading vertically integrated producer of aluminum and electricity. The company combines electric generating assets with an installed capacity of 19.5 GW (including 15.1 GW of hydropower assets) and aluminum production with an annual capacity of 4.2 million tons (through a controlling stake in UC RUSAL, the world's largest producer of primary aluminum outside China in 2021), which are the main consumer of En+ Group hydroelectric power.

En+ Group's net profit in 2021 increased 3.5 times to $3.5 billion from $1.02 billion a year earlier. Adjusted EBITDA rose to $3.99 billion from $1.86 billion. Revenue increased by 36.4% and amounted to $14.12 billion.