The Ukrainian Metal

Russia: Norilsk Nickel’s RAS net profit up in H1 2018

The net profit of the Russian metal producer Norilsk Nickel grew by 77.8% YoY, to 89.328 billion rubles in January-June, as calculated under Russian Accounting Standards (RAS), the company said in a statement.

Revenue grew by 45.8%, to 280.29 billion rubles, the gross profit increased by 58.4%, to 176.73 billion rubles, and sales profit by 63.3%, to 156 billion rubles.

The pretax profit increased by 70%, to 112.13 billion rubles. (Prime/Ukrainian metal)

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