17 May 2012 14:03

Rusal Bratsk profit down 46% in Q1

MOSCOW. May 17. (Interfax) - The giant Rusal Bratsk aluminum smelter in Russia's Irkutsk region saw its net profit to Russian Accounting Standards (RAS) plummet 46% year-on-year in Q1 2012 to 527 million rubles, the company said in a report.

Revenue grew 9.8% to 11.7 billion rubles, including 8.652 billion rubles from the sale of primary aluminum, alloys and related products, up 2.6%.

Financial highlights for Q1 2012, mln rubles:

	Q1 2012	Q1 2011
Sales revenue	11 664	10 627
Cost of sold goods	10 404	9 473
Gross profit	1 260	1 154
Operating profit	638,9	683,5
Profit before tax	675,9	1 213
Net profit	527,5	977,5

Bratsk is aluminum giant Rusal's biggest smelter. It raised primary aluminum output 2.5% year-on-year in Q1 2012 to 248,296 tonnes.