Markets

Russian aluminium giant Rusal's Q4 earnings seen up 45pc

Published February 22, 2018 Updated February 22, 2018 11:12am

Fourth-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) are expected to rise to $598 million from $412 million a year earlier.

Hong-Kong listed Rusal is likely to post free cash flow of $302 million, analysts at Aton said in a note. However, they added that the effect from strong financial results could be limited by news about a power struggle at Russian mining company Norilsk Nickel, in which Rusal owns a stake.

The struggle over Nornickel resurfaced on Feb. 16 as billionaire Vladimir Potanin offered to buy Roman Abramovich's stake in the group and Rusal tried to block the deal.

 

 

Copyright Reuters, 2018