Russia’s Norilsk Nickel 2010 Core Earnings $7.2 bln

Reuters Africa reports that Norilsk Nickel (LON:MNOD) said its core earnings rose as production cost growth was kept in check.

The market news is quoted as saying,

The Russian company said earnings before interest, taxes, depreciation and amortisation rose to $7.2 billion last year, from $4.2 billion a year earlier.

In a summary of its final accounts for 2010 issued on Friday, the miner’s net profit from ongoing operations was $5.2 billion, up from $2.5 billion a year earlier, while net profit for the year was $3.1 billion, up from $2.7 billion a year earlier.

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