Page 141 - RusRPTSept23

Rusal IFRS adjusted net profit in 1H reaches $315mn. Rusal raised its share of Asia sales revenues to 33% in the first half of the year, up from 23% the previous year
9.2.15 Transport corporate news
The net profit of Russian rail cargo operator Globaltrans jumped by 69% on the year to 20.9bn rubles in January–June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on August 29. Revenue increased by 7% on the year to 52bn rubles in the period, while adjusted revenue gained only 2% to 43.3bn rubles given the stable cargo traffic and good average pricing. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) went down 6% to 25.4bn rubles mainly because of higher inflationary pressure, the company said. Globaltrans also said that its dividend payouts remain suspended.
9.2.16 Other sector corporate news
RUSSIA Country Report September 2023 www.intellinews.com