Nornickel and Russian Grids signed agreement on cooperation aimed to raise reliability of the energy systems in Taimyr due to its joining with the Unified national electric network, as it was informed.
The document was signed within the St.Pb. International Economic Forum.
The project is aimed to raise Taimyr competitiveness and investment attractiveness.
Nornickel (TIN 8401005730) is the largest diversified mining-metallurgic company and nickel/palladium maker. Besides, it is a producer of associated metals. The basic divisions are located in Taimyr and Murmansk regions. The foreign assets involve the entities in Finland, Australia, South Africa. In 2009 282.89ths ton of nickel were produced to compare with 300.6ths ton prior year. The output declined to 402.21ths ton from 419ths ton last year: 2805ths ounce of palladium; 661ths ounce of platinum being extracted.
The share capital is split to 190627747 common stocks of 1 rub. par each.
The 2013-net profit (IAS) declined 2.8 fold to $765mln from $2.143bn; revenues being down 7.09% to $11.489bn from $12.366bn; gross profit - 16.27% to $4.993bn from $5.963bn; EBITDA - 14.9% to $4.198bn from $4.932bn; EBITDA yield coming to 37% vs. 40%.
The 2013 net profit (RAS) rose 11.65% to 78.305bn rub. from 70.137bn rub. prior year; revenues dropped 5.53% to 272.585bn rub. from 288.554bn rub.; profit from sales - 14.53% to 123.579bn rub. from 144.593bn rub.; pretax profit - 0.55% to 99.872bn rub. from 99.328bn rub.
The IQ 2014 net profit declined (RAS) 21.07% to 11.664bn rub. from 14.778bn rub. prior year; revenues dropped 5.97% to 63.289bn rub. from 67.306bn rub.; profit from sales - 2.83% to 31.82bn rub. from 32.748bn rub.; pretax profit - 20.6% to 15.397bn rub. from 20.977bn rub.