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"Norilsk Nickel" has published financial statements

25 July 2011

July 22, «Norilsk Nickel» has published a report on the main indicators of financial activity of the company in accordance with IFRS over the past year. Traditionally, this document shall be made public before the annual shareholders meeting, but this year, the financial statements have been published with the thirty-day delay (the meeting of investors in Norilsk Nickel was held on the 21st of June). In addition, at this time, the document was not endorsed by the auditors (previously the financial activities of the steel company confirmed analysts of the international audit company «KPMG»). According to representatives of the Board of Directors of Norilsk Nickel, audit confirmation is received before the end of this month. The financial statements of Norilsk Nickel confirmed previously published in professional media information: revenue metal enterprises in 2010 exceeded indicators of last year by 50% and amounted to 12.8 billion US dollars. And EBITDA (profit before deduction of interest payments, depreciation and taxes) improved in comparison with 2009 by 72% to $7.2 billion, Net profit of the world’s largest Nickel producer last year, according to the published financial statements data, amounted to $3.1 billion.

21 July 2011
26 July 2011