Norilsk Nickel increased profit under IAS by 3% in H1
Edited by Rhod Mackenzie / 2015-08-31 11:22:55
Finance Metals and mining Norilsk Nickel Russia Russia mineral extraction Financial results Russia Metals and Mining Nickel Platinum Palladium
MMK Norilsk Nickel in H1 2015 increased its net profit under IAS by 3% to $1.493 bln from $1.456 bln in H1 2014.
The net profit of Norilsk Nickel taking into account non-monetary operation rose by 21% to $1.923 bln. EBITDA in H1 rose by 8% to $2.708 bln. The revenue of GMK fell by 14% to $4.907 bln.
Gross profit rose by almost 4% to $2.825 bln. The prime cost of sold metals fell by 30% and made up $1.765 bln.
The net turnover capital fell by 34% to $715 mln as of June 30th 2015. In the past 2 years the circulation capital fell by almost 6 times. Free monetary flow made up $2.179 bln (-8%), the free monetary circulation flow/revenue ratio reached the record 44%, Norilsk Nickel reports.
