Rusal’s net profit more than tripled in 2016 following the sale of its alpatel alumina plant, according to news on March 19.
Rusal’s net profit jumped from $560m in 2015 to $1.2bn in 2016.
Rusal’s net profit growth is directly related to the completion of the alpat aluminum oxide plant in Jamaica in November 2016.
In November, China’s jiuquan steel bought alpate for $299 million.
It is reported that rusal’s operating income in the first half of 2016 fell by 8 percent, mainly due to the continued sluggish global commodity prices.
Rusal said the decline in total revenues was mainly due to poor sales of primary and aluminium products.。