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    Norilsk Nickel First-Half Profits Down 19 Percent

    Investing News Network
    Oct. 12, 2012 09:21AM PST
    Base Metals Investing

    Reuters reported Norilsk Nickel (LSE:MNOD) said on Friday its first-half net profit was down 19 percent, year-on-year, to $1.48 billion.

    Reuters reported Norilsk Nickel (LSE:MNOD) said on Friday its first-half net profit was down 19 percent, year-on-year, to $1.48 billion.

    As quoted in the market news:

    In September, Norilsk said it expected its first-half net profit to exceed $1.4 billion.

    The company’s first-half revenue were also down 19 percent to $5.93 billion, while earnings before interest, taxation, depreciation and amortisation (EBITDA) decreased 33 percent to $2.49 billion, it added.

    Click here to read the full Reuters report.

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