Net profit of Norilsk Nickel under RAS fell by 12% in Q1

​The net profit of Norilsk Nickel under RAS fell by 12% in Q1 2016 and made up 48.638 bln roubles against Q1 2015.

The revenue of Norilsk Nickel in Q1 2016 fell b 1% to 114.558 bln roubles, sales profit fell by 19% to 64.133 bln roubles. As a result the profitability of sales of Norilsk Nickel in Q1 2016 made up 56% against 68% in Q1 2015.

The annual net profit of Norilsk Nickel under RAS in 2015 significantly grew against 2014. In 2015 Norilsk Nickel made 146.213 bln roubles of net profit while in 2014 – 34.47 bln roubles.

The annual revenue of Norilsk Nickel fell by 27% to 400.85 bln roubles within a year.

The report of Norilsk Nickel under RAS is non-consolidated and shows the results of only the Trans-Polar branch of the company (without the Kola GMK).