Norilsk says IFRS net profit falls 16% to $2.1 bln in 2017

MOSCOW, Mar 6 (PRIME) -- The net profit of Russian metals giant Norilsk Nickel fell 16% to U.S. $2.123 billion in 2017, as calculated under International Financial Reporting Standards (IFRS), the company said on Tuesday.

Revenue increased 11% to $9.146 billion, while earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 2% to $3.995 billion.

In ruble terms, the company’s net profit fell 24% to 127.4 billion rubles, revenue decreased 2.2% to 536.8 billion rubles, gross profit went down 1.3% to 268.6 billion rubles, and operating profit dropped 14% to 185.6 billion rubles.

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

https://www.nornickel.com/upload/iblock/735/ifrs_eng_usd_consolidation_reporting_12m2017.pdf

(57.1000 rubles – U.S. $1)

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