Monday, August 16, 2010

Russian "Norilsk Nickel" in I half of 2010 Boosted Revenues by 45%


Revenues of the world's largest producer of nickel and palladium "Norilsk Nickel" under RAS in the first half of 2010 increased by 44,6% compared to same period of the last year and amounted to 130.578 billion rubles, according to the company report.
Revenues of the enterprise in the first half of 2009 amounted to 90.303 billion rubles.
Earlier it was reported that net profit of the enterprise in the first half grew by 1,5 times - up to 69.21 billion rubles.
Gross profit for the period increased by 91% - to 91.141 billion rubles, profit from sales increased by 2 times - up to 83.499 billion rubles, profit before tax increased by 69% - to 86.321 billion rubles.
Norilsk Nickel is one of the world's largest producers of precious and nonferrous metals. Production facilities are located in Russia (in the Norilsk industrial region and the Kola Peninsula), Finland, USA, Australia, Botswana and South Africa. 



In Russia shares of Norilsk Nickel are traded on stock exchanges MICEX and RTS. ADR on the company's shares are traded on the OTC market in the U.S., on the London and Berlin stock exchanges. 

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