ОРЕАНДА-НОВОСТИ. UC RUSAL announces its results for the three and nine months ended 30 September 2016.

The London Metals Exchange ("LME") aluminium price recovered in the third quarter of 2016 by 3.2% to USD1,621 per tonne as compared to USD1,571 per tonne in the second quarter of the year, partially offset by 7.4% decrease in the average realized product premiums (to an average USD150 per tonne in the third quarter of 2016 from USD162 per tonne in the preceding quarter of the year) resulted in the growth of RUSAL's revenue in the third quarter of 2016 by 3.9% to USD2,060 million as compared to USD1,982 million in the second quarter of 2016.

Aluminium segment cost per tonne decreased by 7.6% to USD1,330 in the third quarter of 2016 in comparison with USD1,440 in the same period of 2015 as a result of continuing focus on efficiency and cost reduction initiatives and external factors such as fluctuation of Russian Ruble to the US dollar and decrease of raw materials price.

Despite appreciation of Russian Ruble from average RUR65.9/1 US dollar in the second quarter of 2016 to RUR64.6/1 US dollar in the third quarter of the year the Company managed to decrease aluminium segment cost per tonne to USD1,330 from USD1,334 per tonne between the reporting periods.

The Company achieved Adjusted Net Profit and Recurring Net Profit of USD181 million and USD327 million, respectively, for the third quarter of 2016 as compared to USD40 million and USD276 million for the second quarter of the year.

In September 2016 the Board of Directors of the Company approved an interim dividend in the aggregate amount of USD250 million (USD0.01645 per ordinary share) for the financial year ending 31 December 2016. Payment of the interim dividend was subject to the Company obtaining prior consents from certain lenders of the Company. On 25 October 2016, the required consents have been obtained by the Company. The interim dividend was paid on 31 October 2016.