RusAl first half net profit up $97 mln to $1.365 bln after reassessment

RusAl, the world's largest aluminum producer and owner of a 25 percent stake in Russian mining giant Norilsk Nickel, posted a first half 2010 net profit of $1.365 billion to IFRS, the company said on Wednesday.

Net profit rose $97 million following a reassessment of RusAl's share in associates' profits after Norilsk Nickel published its 2010 interim first half IFRS results on October 7, the company said in a statement.

RusAl's net profit margin rose to 25.7 percent from 23.8 percent.

Profit before tax totaled $1.551 billion compared to an earlier $1.454 billion, while the share of associates' profits increased to $555 million from an earlier $458 million.

The figures include RusAl's stake in Norilsk Nickel.

 MOSCOW, October 27 （RIA Novosti）