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06/03/2018
16:49
Norilsk Nickel 12-month IFRS net profit decreased by 16% in 2017

IFRS net profit of MMC Norilsk Nickel for 2017 decreased by 16% to $2.123 billion from $2.531 billion the year before, the company informed.

Revenue increased by 11% to $9.146 billion from $8.259 billion, gross profit by 10.4% to $4.546 billion from $4.118 billion. Pre-tax profit was $2.844 billion against $3.276 billion the year before. Consolidated EBITDA was $3.995 billion against $3.899 billion the year before (+2.5%).

PJSC MMC Norilsk Nickel (tax number: 8401005730) is Russia's largest diversified mining and metallurgical company, the world's leading producer of nickel and palladium and one of major platinum, rhodium, copper and cobalt producer. Besides, the company produces a wide range of by-products including gold, silver, tellurium, selenium, iridium and ruthenium. The mining and processing assets of the MMC Norilsk Nickel group are located in the Norilsk industrial area, the Kola Peninsula as well as Finland, USA, Australia, Botswana, and RSA.

IFRS net profit of Norilsk Nickel for H1 2017 decreased by 30% to $915 million from $1.304 billion. Consolidated revenue increased by 11% to $4.2 billion, primarily due to an increase in prices across the basket of metals. EBITDA decreased by 3% to $1.7 billion.

"AK&M", 06.03.2018 14:35

 

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