Rusal could turn $383 mln Q3 profit - analysts
MOSCOW. Nov 11 (Interfax) - Aluminum producer UC Rusal could post net profit of $382.6 million to International Financial Reporting Standards (IFRS) for Q3 2010, down 66% from the previous quarter, analysts told Interfax in a consensus forecast.
Sales revenue could be $2.721 billion and earnings before taxes, depreciation and amortization (EBITDA) - $579.1 million.
Rusal plans to unveil the results on November 12. The company did not publish IFRS results for the first nine months of 2009.
Consensus forecast for UC Rusal in Q3 2010 ($ mln):
| Analysts | Sales revenue | EBITDA | Net profit |
| Nomura | 2 832 | 605 | 376 |
| UBS | 2 711 | 583 | 307 |
| Troika Dialog | 2 740 | 565/568* | 414/102* |
| VTB Capital | 2 675 | 562 | 327 |
| Metropol | 2 747 | 568 | 394/121* |
| Goldman Sachs | 2 705 | 556 | 122* |
| Morgan Stanley | 2 705 | 583 | 404 |
| ING Bank | 2 650 | 560 | 206* |
| Alfa-Bank | 2 720 | 630 | 456 |
| Consensus | 2 720,6 | 579,1 | 382,6/137,8* |
| Change (%) | (9) | (31) | (66) |
| Q2 2010 | 2 990 | 840 | 1 118 |
* - adjusted for profit generated by Rusal's stake in MMC Norilsk Nickel .
Rusal also plans to unveil operating results for Q3 2010 on November 12. The consensus is that the company produced just over 1.1 million tonnes of aluminum.