Norilsk Nickel IFRS net profit falls by 16% to $5.9 bln in 2022

MOSCOW, Feb 10 (PRIME) -- The net profit of Russian metals giant Norilsk Nickel decreased by 16% on the year to U.S. $5.9 billion in 2022, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Friday.

Consolidated revenue decreased 5% on the year to $16.9 billion in the period, while earnings before interest, taxes, depreciation, and amortization (EBITDA) fell by 17% to $8.7 billion.

The return on EBITDA amounted to 52%.

The company has confirmed the forecast for capital expenditures for 2023 at $4.7 billion.

For further details, see the company’s statement on its official website:

https://www.nornickel.com/news-and-media/press-releases-and-news/nornickel-reports-full-year-2022-audited-consolidated-ifrs-financial-results/

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