Tuesday, July 3 2012 19:24

In 2011 Rusal-Armenal reduced net profit by 37%


ArmInfo. In 2011 Rusal-Armenal CJSC reduced its net profit by 37% to 2.374 bln AMD against 3.763 bln AMD in 2010, the financial report of the company says.

The source says that the company's proceeds grew from 29.406 bln AMD in 2010 to 32.550 bln AMD in 2011. The cost of sales was up from 26.932 bln AMD to 31.076 bln AMD last year. The financial expenses grew from 1.3 bln AMD to 1.8 bln AMD. The gross profit dropped from 2.473 bln AMD in 2010 to 1.473 bln AMD in 2011. As of late 2011 the stock capital underwent no changes and made up 3,140,700,000 AMD.

To recall, in 2011 versus 2010 Rusal-Armenal CJSC increased the aluminum foil output by 2.7% to 25.289 thsd tons.

The main sales market of the company is the USA. The foil is also exported to Europe and the Middle East countries.
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