Norilsk Nickel's 12-month IFRS net profit decreased by 39% to $3.63 billion in 2020

AK&M 18 February 2021 14:32

IFRS net profit of MMC Norilsk Nickel for 2020 decreased by 39% to $3.63 billion, according to the company's financial statements.

Consolidated revenue increased 15% to $15.55 billion, EBITDA decreased by 3% to $7.65 billion.

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 2019 increased by 95% to $5.966 billion from $3.059 billion a year earlier. Consolidated revenue went up 16% to $13.6 billion, EBITDA increased by 27% to $7.9 billion.