Russian aluminum giant United Co. Rusal PLC (0486.HK) said Monday its first-half net profit fell 21% from a year earlier due to higher debt-servicing costs and a smaller contribution from OAO Norilsk Nickel (GMKN.RS).
Rusal, which listed on the Hong Kong stock exchange in January and is also listed on EuroNext, said its net profit for the six months ended June 30 was US$1.09 billion, compared with a net profit of US$1.37 billion a year earlier.
Revenue rose 19% to US$6.32 billion from US$5.32 billion. The company didn't recommend a first-half dividend, unchanged from a year earlier.
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