Norilsk Nickel IFRS net profit soars 80% to $1.65 bln in Jan–Jun

MOSCOW, Aug 13 (PRIME) -- The net profit of Russian metals giant Norilsk Nickel soared 80% on the year to U.S. $1.653 billion in January–June, as calculated under International Financial Reporting Standards (IFRS), the company said on Monday.

Revenue increased 37% to $5.834 billion, while earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 77% to $3.079 billion.

Net working capital fell 20% to $1.719 billion, while free cash flow jumped to $2.6 billion.

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

https://www.nornickel.com/upload/iblock/2a0/IFRS_Eng_USD_Consolidation_Reporting.pdf

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