Financial data reporting in the USA traditionally starts from Alcoa Inc. The world’s largest American aluminum giant is among the first to report on its income. According to the data, the net company’s profit increased nearly sixfold in the third quarter of the current year from the same period last year. The company gained $149 million, or 12 cents per share versus $24 million, or 2 cents, a year ago, respectively. The second quarter was also beneficial; the profit grew 8 percent in the accounting period. The company management was able to meet targets and to increase thrice its operating surplus excluding special items compared to the third quarter of 2013 and 1.7 times versus the results of the previous quarter, to $370 million, or 31 cents per share. In total, the operating revenue for this period increased 8 percent year-on-year to $6.2 billion. In the accounting period, EBITDA enhanced from $675 million in 2013 to $1,035 million this year. Compared to the same indicator in the second quarter, Alcoa EBITDA grew 33.7 percent in the third quarter. Earlier, the chairman and chief executive officer Klaus Kleinfeld said that the company intended to cut back production by 800 thousand tons to focus on airlines and automakers services. For about nine years aluminum producers experienced problems due to surplus products on the market, as China increased the metal production three times during this period. In Russia, Alcoa owns the Belokalitvinsky metallurgical production association and the Samara Metallurgical Plant. RUSAL completed the acquisition of both companies in February 2005.
