Wednesday, July 4 2018 15:45
Karine Melikyan

"RusAl ArmenAL" increased its revenue by 31.5% in 2017, ensuring  gross profit growth by 67.5%

"RusAl ArmenAL" increased its revenue by 31.5% in 2017, ensuring  gross profit growth by 67.5%

ArmInfo.The company "RusAl Armenal" increased its revenue by 31.5% in 2017 to 49.7 billion AMD. The cost price increased by 27.8% to 43.7 billion AMD. As a result,  the gross profit of the company increased by 67.5% to 6.031 billion  AMD. According to the published annual financial report of CJSC RusAl  Armenal, the balance (pre-tax) profit increased by 54.3% to 2.3  billion in 2017, which after deduction of profit tax provided net  profit of 1.5 billion AMD with an annual growth of 33, 4%.

Assets of "RusAl Armenal" increased by 2.6% in 2006 to 46.7 billion  AMD, in particular, current assets - by 5.4% to 17.9 billion, and not  current assets - by 1.1% to 28.8 billion. In the structure of current  assets, inventories increased by 7.9% to 13.6 billion, while the main  item in non-current assets - fixed assets underwent a meager growth -  by 0.7% to 27.3 billion.

The total liabilities of "RusAl Armenal" decreased by 1.1% to AMD  36.5 billion in 2017 due to the recession of non-current liabilities  by 17.1% to AMD 4.031 billion, while the current liabilities grew by  1.5% to 32.5 billion. In the structure of current liabilities, loans  and other borrowings increased by 7.8% to 15.999 billion AMD.

Accounts payable of the company decreased by 12.1% to 16.7bln AMD for  the period of 2017, and accounts receivable - by 2.3% to 4.3bln AMD.

Own capital of "RusAl Armenal" increased in the reporting year by  18.6% to 10.2 billion drams. In its structure, the share capital did  not change - 36.7 billion drams, and the accumulated loss reduced by  2.6% to 55.2 billion drams. (The calculated exchange rate of the dram  to the dollar as of December 31, 2017 was 484.10 AMD/USD1).

Audit of the annual financial report of "RusAl Armenal" CJSC was  conducted by KPMG Armenia. The auditor in his conclusion draws  attention to the impact of US sanctions against the owner of the  company (Oleg Deripaska - ed.). Recall that the US expanded its  anti-Russian sanctions on April 6 this year. Then the Ministry of  Finance of the country presented a list, which included 24  businessmen and officials, as well as 14 companies. Among them were  Oleg Deripaska and RUSAL. Later, the US postponed the imposition of  sanctions against RUSAL after the requests of US companies, said in  May this year. president of the American Chamber of Commerce in  Russia (AmCham) Alexis Rodzianko. The decision to postpone the  sanctions against RUSAL was probably taken after Washington's talks  with representatives of the business of the United States, said A.  Rodzianko. According to him, the restrictive measures against the  Russian aluminum producer are causing greater damage to the US  economy than to Oleg Deripaska, the head of the company, who was on  the Sanctions list of the White House.

The Yerevan Foil Rolling Plant "RusAl Armenal" was created by RUSAL  in May 2000 on the basis of the Kanaker Aluminum Plant. It is one of  the largest industrial enterprises in Armenia and the only producer  of aluminum foil in the Caucasus and Central Asia. Together with the  factories SAYANAL, "Ural Foil" and "Sayanskaya Foil" forms the  Packaging Division of RUSAL.

POST A COMMENT
Input digits     


News
Pashinyan: The framework of cooperation with the WB is completely  consistent with the priorities of the Armenian governmentPashinyan: The framework of cooperation with the WB is completely  consistent with the priorities of the Armenian government
By joint efforts, Armenia can be turned into a leading technological  hub - AvinyanBy joint efforts, Armenia can be turned into a leading technological  hub - Avinyan
Mher Grigoryan stated the need for cooperation with the WB in order  to develop the capital market in ArmeniaMher Grigoryan stated the need for cooperation with the WB in order  to develop the capital market in Armenia
Ardshinbank December 16 will begin the initial placement of dollar  bonds in the amount of $ 5 millionArdshinbank December 16 will begin the initial placement of dollar  bonds in the amount of $ 5 million
Armenian State Control Service revealed violations of 2 billion 103  million 988 drams at <Jrar> CJSCArmenian State Control Service revealed violations of 2 billion 103  million 988 drams at CJSC
SRC of Armenia: Starting January 1, 2020, the  cost of duty-free  import of goods will be reduced SRC of Armenia: Starting January 1, 2020, the cost of duty-free  import of goods will be reduced 
AmRating: Increasing toxicity of consumer loans will push banks to  not put all their eggs in one basketAmRating: Increasing toxicity of consumer loans will push banks to  not put all their eggs in one basket
ANPP scheduled stop scheduled for May 15ANPP scheduled stop scheduled for May 15
Vice Prime Minister: Armenia`s cooperation with ADB is complex and  multifacetedVice Prime Minister: Armenia`s cooperation with ADB is complex and  multifaceted
Too big to innovate?  The secrets to innovating at a big corporateToo big to innovate? The secrets to innovating at a big corporate
Central Bank of Armenia keeps refinancing rate at 5.5%Central Bank of Armenia keeps refinancing rate at 5.5%
Starting from the new year in Armenia there will be no concessions  for the non-issue of cash receiptsStarting from the new year in Armenia there will be no concessions  for the non-issue of cash receipts
Papikyan: Concern of our neighbors, calling into question the safety  of the ANPP, is groundlessPapikyan: Concern of our neighbors, calling into question the safety  of the ANPP, is groundless
Armenian Prime Minister calls on heads of state departments to  observe budgetary disciplineArmenian Prime Minister calls on heads of state departments to  observe budgetary discipline
Minister: Iran-Armenia 400-kilovolt power transmission line to be  completed before the end of the yearMinister: Iran-Armenia 400-kilovolt power transmission line to be  completed before the end of the year
Over a year and a half in Armenia, more than 80 thousand new jobs  were created or removed from the shadow - Prime MinisterOver a year and a half in Armenia, more than 80 thousand new jobs  were created or removed from the shadow - Prime Minister
Armenian Finance Minister and IMF Head of Armenian Mission touch on  prospects for expanding cooperationArmenian Finance Minister and IMF Head of Armenian Mission touch on  prospects for expanding cooperation
Beeline and Startup Armenia Foundation Launch ‘Startup Club’ Initiative (video)Beeline and Startup Armenia Foundation Launch ‘Startup Club’ Initiative (video)
Pashinyan: Over a year and a half, the Armenian government returned  to business working capital in the amount of $ 377mln Pashinyan: Over a year and a half, the Armenian government returned  to business working capital in the amount of $ 377mln 
Forecast: Armenia may face electricity isolationForecast: Armenia may face electricity isolation
Famous PAUL French cafe chain will be presented in ArmeniaFamous PAUL French cafe chain will be presented in Armenia
Armenia`s Parliament ratified the protocol on the exchange of  information between the customs structures of the EAEU countries and  VietnamArmenia`s Parliament ratified the protocol on the exchange of  information between the customs structures of the EAEU countries and  Vietnam
Prospects for the construction of a smelter discussed in ArmeniaProspects for the construction of a smelter discussed in Armenia
Armenia`s unclaimed balance under international credit agreements  amounts to $ 1.43 bln Armenia`s unclaimed balance under international credit agreements  amounts to $ 1.43 bln 
Payments of 1 thsd USD and a monthly allowance: MP`s proposal to  overcome demographic crisis in border villages Payments of 1 thsd USD and a monthly allowance: MP`s proposal to  overcome demographic crisis in border villages 
Armenian public debt to reach $ 7.6 billion or 51.2% of GDPArmenian public debt to reach $ 7.6 billion or 51.2% of GDP
Chocolate labeled Chocolate labeled "Made in Armenia" is exported to the markets of the  EAEU, Ukraine, France, the USA, Israel, Estonia, China and other  countries.
Azimut Airline starts servicing Sochi - Yerevan route from December  26Azimut Airline starts servicing Sochi - Yerevan route from December  26
Armenian Parliament agreed to apply exemptions in the form of an Armenian Parliament agreed to apply exemptions in the form of an "air  tax" exception
Due to the low level of feasibility of targeted credit programs at  the end of 2019, the level of the state debt of Armenia will be lower  than the mark set in the state budgetDue to the low level of feasibility of targeted credit programs at  the end of 2019, the level of the state debt of Armenia will be lower  than the mark set in the state budget


Exchange rates
10.12.2019
RUB7.520.03
USD478.020.05
EUR529.500.63
GBP628.980.07
CAD361.040.66
JPY44.02-0.03
CNY67.900.01
CHF484.661.91


Experts
Analysts Opinion on Central Bank Report Analysts Opinion on Central Bank Report 
Mining Industry as a Fanciful Game of Cats-and-MiceMining Industry as a Fanciful Game of Cats-and-Mice
Tigran Khachatryan: Attracting several transnational investors to  Armenia will allow the country to start playing for high stakesTigran Khachatryan: Attracting several transnational investors to  Armenia will allow the country to start playing for high stakes
During the first 5 years, the agricultural insurance market in Armenia will operate at a lossDuring the first 5 years, the agricultural insurance market in Armenia will operate at a loss
Artak Kamalyan: Education is the key to success. Everything else is of secondary importanceArtak Kamalyan: Education is the key to success. Everything else is of secondary importance
Head of PSRC: Whatever the agreement, the domestic tariff is  dependent on the price at the borderHead of PSRC: Whatever the agreement, the domestic tariff is  dependent on the price at the border
IMF: Armenia needs to achieve sustainable inclusive growthIMF: Armenia needs to achieve sustainable inclusive growth
Artur Atoyan: Problems of fish farmers are solved by the communist  method, that is, they are not solved at allArtur Atoyan: Problems of fish farmers are solved by the communist  method, that is, they are not solved at all
HSBC Bank Armenia digitalizes cooperation with retail clients HSBC Bank Armenia digitalizes cooperation with retail clients 
AmRating agency in cooperation with European Rating-Agentur Expert RA  GmbH has issued regular research on Armenia`s banking systemAmRating agency in cooperation with European Rating-Agentur Expert RA  GmbH has issued regular research on Armenia`s banking system
Yulia Ustyugova: Armenia can get access to IMF “insurance line”Yulia Ustyugova: Armenia can get access to IMF “insurance line”
Armand Arton: The question whether citizenship should be granted in  return for investments is rather rhetoricalArmand Arton: The question whether citizenship should be granted in  return for investments is rather rhetorical
Former head of the Ministry of Finance: <Confrontation> with Lydian may cost much to ArmeniaFormer head of the Ministry of Finance: with Lydian may cost much to Armenia
Vardan Aramyan: It will be unreasonable if the government goes to revise the allowable national debt ceiling in GDPVardan Aramyan: It will be unreasonable if the government goes to revise the allowable national debt ceiling in GDP
HSBC Bank Armenia increases efficiency and focuses on digital servicesHSBC Bank Armenia increases efficiency and focuses on digital services
Bulgarian Minister: The level of Armenian-Bulgarian economic  cooperation is still unsatisfactoryBulgarian Minister: The level of Armenian-Bulgarian economic  cooperation is still unsatisfactory
Expert: Recruitment market in Armenia from the point of view of  supply and demand is sleepingExpert: Recruitment market in Armenia from the point of view of  supply and demand is sleeping
Expert: Despite the adequacy of Armenian banks` capitals, the  opportunities for its optimal use are severely limitedExpert: Despite the adequacy of Armenian banks` capitals, the  opportunities for its optimal use are severely limited
Association of Organic Agriculture is being created in ArmeniaAssociation of Organic Agriculture is being created in Armenia
Pailak Tadevosyan: Governments change in Armenia, but taxation  approaches do not changePailak Tadevosyan: Governments change in Armenia, but taxation  approaches do not change

Search by date

Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000

Commented
Mining Industry as a Fanciful Game of Cats-and-MiceMining Industry as a Fanciful Game of Cats-and-Mice
Russian processing company Russian processing company "MultiCarta" discussed cooperation  opportunities with Yerevan Municipality in the transport sector
$ 270 Million to be invested in the construction of the first  skyscraper in Yerevan$ 270 Million to be invested in the construction of the first  skyscraper in Yerevan
The AGBU Women Entrepreneurs Program Launched in Artsakh: FRUITFUL  ARMENIA Foundation is the partnerThe AGBU Women Entrepreneurs Program Launched in Artsakh: FRUITFUL  ARMENIA Foundation is the partner
Forecast: Armenia has good prospects for expanding its presence in  the Polish marketForecast: Armenia has good prospects for expanding its presence in  the Polish market
Armenian government`s delegation headed by Prime Minister will take  part in the St. Petersburg International Economic Forum on June 6-7Armenian government`s delegation headed by Prime Minister will take  part in the St. Petersburg International Economic Forum on June 6-7
Concessionaire of Zvartnots International Airport promises to become  one of the best operators in the worldConcessionaire of Zvartnots International Airport promises to become  one of the best operators in the world
Arthur Javadyan: Central banks are not responsible for economic  growthArthur Javadyan: Central banks are not responsible for economic  growth
Forecast: Electricity exports to the Middle East through Iran are a  key component of Armenia`s geo- economic strategyForecast: Electricity exports to the Middle East through Iran are a  key component of Armenia`s geo- economic strategy
ArmInfo IC: In Armenia,  CMTPL loss ratio increased up to 64.5% in Q1  2019ArmInfo IC: In Armenia,  CMTPL loss ratio increased up to 64.5% in Q1  2019
From January 1, 2020, the cost of customs clearance of cars from  non-EEU countries in Armenia will increase by at least 4-5 fold:  whether the market for used cars is going upFrom January 1, 2020, the cost of customs clearance of cars from  non-EEU countries in Armenia will increase by at least 4-5 fold:  whether the market for used cars is going up
Overdue loans accelerate growth in banking system of ArmeniaOverdue loans accelerate growth in banking system of Armenia
RA Prime Minister: European Union is not ready to finance 100% of  development programs implementation in ArmeniaRA Prime Minister: European Union is not ready to finance 100% of  development programs implementation in Armenia
Converse Bank offers online loans at a low effective interest rateConverse Bank offers online loans at a low effective interest rate
Renco company will attract additional shareholders and partners to  the project of building a new thermal-power plant in ArmeniaRenco company will attract additional shareholders and partners to  the project of building a new thermal-power plant in Armenia
T.Avinyan: The Government is open for cooperation and encourages  active dialogue and interaction in all areas T.Avinyan: The Government is open for cooperation and encourages  active dialogue and interaction in all areas 
Agreement on construction of a new unit with combined gas cycle  signed in YerevanAgreement on construction of a new unit with combined gas cycle  signed in Yerevan
Veolia Jur: Regulatory charges are false and unfoundedVeolia Jur: Regulatory charges are false and unfounded
Armenian Prime Minister: We are gaining momentum for economic takeoffArmenian Prime Minister: We are gaining momentum for economic takeoff
Through the mobile banking application of Ardshinbank you can get a  loan in seconds.Through the mobile banking application of Ardshinbank you can get a  loan in seconds.
By the end of 2018, By the end of 2018, "Galburdjian Group" will launch the production of  sesame oil in Armenia
Expert: Armenia has a problem with effective use of water resources,  rather than small hydropower stationsExpert: Armenia has a problem with effective use of water resources,  rather than small hydropower stations
Investment forum Investment forum "Energy Week 2018" to be held in Armenia