MOSCOW: Russian aluminium giant Rusal is expected to report an 8 percent rise in second-quarter core earnings compared with the previous quarter thanks to a recovery in aluminium prices, a Reuters survey of analysts at six banks showed.
Rusal's second-quarter earnings before interest, taxation, depreciation and amortisation (EBITDA) are expected to increase to $336 million from $312 million in the first quarter.
Aluminium prices on the London Metal Exchange (LME) are up about 11 percent since the start of 2016. However, on a year-on-year basis, Rusal's financial results are still suffering from weaker aluminium prices.
Rusal's net profit is usually significantly affected by income from associates, the impact of the revaluation of electricity derivative contracts and some non-cash items.
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