“Norilsk Nickel” in 2015, reduced net profit under IFRS by 14%

“Norilsk Nickel” in 2015, reduced net profit under IFRS by 14%


Revenue MMC “Norilsk Nickel” has decreased by 28% to 8,542 billion. EBITDA for the reporting period fell by 24.4% to 4,269 billion.

MOSCOW, 15 Mar. MMC “Norilsk Nickel” by the end of 2015 has reduced net profit under IFRS by 14.2% to 1,716 billion dollars, is spoken in the message of the company.

Thus, the index was below the consensus forecast, compiled by results of poll of analysts who expected a net profit of $ 2,542 billion.

EBITDA for the reporting period fell by 24.4% to 4,269 billion, which is almost identical to analysts ‘ forecasts (4,279 billion).

MMC revenue decreased by 28% to 8,542 billion. Experts predicted revenue of Norilsk Nickel last year in the amount of 8,526 billion.

Norilsk Nickel is a diversified mining and metallurgical company, the world’s largest producer of Nickel and palladium, a leading producer of platinum, cobalt, copper and rhodium. The group’s production divisions are located in Russia in Norilsk industrial region and on Kola Peninsula and in Finland.