Russia - Net profit dive for Rusal of 92 percent Hit by write down in Norlisk Nickel stake

Published on Mar 19, 2012 by Euronews

http://www.euronews.com/ Rusal, the world's top aluminium maker saw its yearly net profit dive by 92 per cent. The company was hit by a write-down in the value of its stake in Norlisk Nickel as it grapples with a boardroom row between two Russian billionaires.

The company's shares added 1.4 per cent in Hong Kong after tumbling 14 per cent last week as its former chairman and Russian oligarch Viktor Vekselberg said the company was in, "deep crisis".