Norilsk Nickel profit down 37%

By Vladimir Basov

Russian MMC Norilsk Nickel, the world’s largest producer of nickel and palladium, announced today its unconsolidated financial results in 2012.

According to the Russian Accounting Reporting Standard, the company’s net profit decreased roughly 37%, from 112.19 billion rubles (approximately US $3.61 billion) in 2011 to 70.14 billion rubles (approximately US $2.25 …read more