Russia’s Norilsk Nickel Jan–Jun IFRS net profit ups 3% to $1.5 bln

MOSCOW, Aug 31 (PRIME) -- The net profit of Russian metals giant Norilsk Nickel increased 3% on the year to U.S. $1.493 billion in January–June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Monday.

But net profit before impairment for financial and non-financial assets rose by 21% on the year to $1.923 billion in the period.

Revenue fell 14% to $4.907 billion. Earnings before interest, taxes, depreciation and amortization (EBITDA) went up 8% to $2.708 billion, while the ENITDA margin grew by 11 percentage points to 55%.

For further details, please, see the company’s statement on its official Web site:

http://www.nornik.ru/assets/files/Active-news/IFRS6m2015.pdf

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