Norilsk Nickel First-Half Profits Down 19 Percent

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.