RUSAL profit trumps forecasts

Russia’s UC RUSAL (0486.HK), the world’s biggest aluminium producer, is to reported to boost output and restart a mothballed plant after reporting a better-than-expected profit for the second half of 2009.

The press release is quoted as saying:

RUSAL (RUAL.PA), in its first annual report since its January IPO, forecast demand and prices for aluminium to be supported by the major developed countries as the global economy revives. The strong outlook boosted shares in RUSAL in Hong Kong, with the stock closing up 0.9 percent at HK$9.5, outpacing a broader market .HSI that closed down slightly.

Click here to access the entire press release