Russia: Norilsk Nickel IFRS net profit up in 2018
The net profit of the Russian metals giant Norilsk Nickel rose by 44% YoY, to $3.059 billion in 2018, as calculated under International Financial Reporting Standards (IFRS). Revenue increased by 28%, to $11.67 billion, while earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 56%, to $6.231 billion. The EBITDA margin rose to 53%…