- Norilsk Nickel Suspends Australian Division Over Slump
- Norilsk Nickel Stock Plunges on Rumors of Abramovich Arrest
- Penny Elected Chairman of Norilsk Nickel Board
- Potanin Elected Norilsk Nickel Chief to End Shareholder Feud
- Abramovich Buys Stake to End Norilsk Nickel Dispute
- Putin Seeks Quick End to Norilsk Nickel Conflict
MOSCOW, August 30 (RIA Novosti) - Russian metals giant Norilsk Nickel reported an IFRS net profit of $545 million in January-June 2013, down 63.2 percent from the same period last year.
The company’s net profit was below the consensus forecast by analysts polled by the Prime news agency who expected the company’s net financial result for the first six months to be $913 million.
Norilsk Nickel said its revenues in the reporting period fell 6.1 percent to 5.565 billion rubles ($167.5 million).
Earnings before interest, taxation, depreciation and amortization (EBITDA) dropped 7.8 percent in the first half of this year to $2.299 billion.
Add to blog
You may place this material on your blog by copying the link.
Image Galleries: Siberian Air Base Gets New Su-30SM Fighter Jets
Infographics: First Russian Smartphone
New ties between Russia and Japan would mark not only a breakthrough in their relations but also a significant shift in Northeast Asia’s political dynamic. Both are secondary players in a region overshadowed by an increasingly assertive China, which has not hesitated to push against the boundaries of its neighbors.