RUSAL announces results for the first half of 2013

In the first half of 2013 Rusal revenues decreased by $ 501 million, or 8.8% - to $ 5.203 billion compared to $ 5.704 billion in the same period last year.

The decrease in revenue is mainly connected with reduction of the primary aluminum and alloys, accounting respectively 85.6% and 85.9% of revenue in the first half of Rusal in 2013 and 2012.

The total cost decreased by 6.9% - to $ 4.446 billion in the first six months of 2013 compared to $ 4.775 billion in the same period of 2012. The decrease resulted from the decrease in sales of aluminum by 7.6% (or 164 tons).

As a result of these factors, net loss for the first half of Rusal in 2013 was $ 439 million compared to net income of $ 1,000,000 for the same period in 2012.