Rusal’s Third-Quarter Profit Falls 55% on Derivatives
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United Co. Rusal, the world’s largest aluminum producer, reported a 55 percent decline in third-quarter profit as the value of so-called embedded derivatives fell.
Net income dropped to $29 million from $64 million a year earlier, the Moscow-based producer said today in a statement. That missed the $327 million median estimate of three analysts surveyed by Bloomberg. Sales rose 28 percent to $2.71 billion.