Norilsk Nickel Reports Increased Profits

Reuters reported Norilsk Nickel (LSE:MNOD) said on Wednesday its profit attributable to shareholders rose to $3.6 billion in 2011 from $3.3 billion in 2010.

As quoted in the market news:

The company expected to report a net profit of around $5 billion for 2011, broadly flat on the previous year, Norilsk chief executive Vladimir Strzhalkovsky said in January.

Its revenues rose 11 percent to $14.1 billion last year.

Click here to read the full Reuters report.