Aluminium giant Rusal returns to profit
Rusal, the world's largest aluminium producer, said Wednesday it had bounced back into the black in the second quarter, buoyed by improving metal prices and cost-control measures.
The Hong Kong-listed company reported a profit of $116 million for the three months ending June 30, compared with a loss of $325 million in the previous quarter.
However, it still suffered a loss of $209 million on a six-month basis, although that compared with a $439 million shortfall a year earlier.
It is the first time the firm has reported a quarterly profit since the first three months of last year, according to a filing handed to the Hong Kong stock exchange.
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