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MOSCOW, May 16 (RIA Novosti) - Krasnoyarsk Aluminum Plant (RTS: KRAZ) net profits in January-March 2006 doubled year on year, to 2.25 billion rubles (about $83 mln), the company said in a press release Tuesday.
Revenues for the world's second largest aluminum producer in the reporting period were 9.04 bln rubles (about $330 mln), 11.7% up on the first quarter of 2005.
Sales profits were 3.25 bln rubles (about $120 mln), up 12.8% year on year. Pre-tax profits rose 3.05 bln rubles (about $113 mln), up 18.7%.
KrAZ accounts for 27% of Russia's and 3% of global aluminum output. It is 99.36% owned by RUSal, which is itself 100% owned by metals magnate Oleg Deripaska.
