1 Nov 2011 15:41

RusAl board to confirm Q3 financial results on Nov 11

MOSCOW. Nov 1 (Interfax) - The board of directors at UC RusAl will meet on November 11 and confirm the company's financial results for the third quarter of 2011, the aluminum producer said in a statement.

"Among the issues on the day's agenda, there is confirmation of the financial results for the third quarter," the statement said.

RusAl plans to publish its financial results on November 14.

It was earlier reported that RusAl increased its aluminum production in January-September 2010 by 3% to 3.034 million tonnes, alumina - 7% to 5.758 million tonnes and production of bauxite - down 1% to 8.7 million tonnes.

RusAl's net profit in the third quarter of 2010 went down by 55% to $29 million. The company posted $1.42 billion in net profit for the first nine months of 2010 compared to losses of $826 million for January-September 2009.