30 Oct 2014 18:19
Norilsk Nickel boosts RAS net profit 32% in 9M to 99 bln rubles
MOSCOW. Oct 30 (Interfax) - MMC Norilsk Nickel boosted net profit to Russian Accounting Standards (RAS) 32% year-on-year in January-September 2014 to 98.93 billion rubles, according to company materials.
Revenue advanced 18% to 241.792 billion rubles, while gross profit climbed 30% to 152.97 billion rubles.
Norilsk Nickel's RAS report is unconsolidated and only reflects the performance of the company's Zapolyarny division, excluding Kola Mining and Metallurgical Company and foreign enterprises.
Main financial results for 9M 2014 ('000 rubles):
| 9M 2014 | 9M 2013 | Change | |
| Revenue | 241 792 123 | 205 456 187 | 18% |
| incl. revenue from sales of metals, metal goods | 233 257 873 | 194 276 415 | 20% |
| Cost of sales | 88 823 645 | 88 214 813 | 0,7% |
| incl. of metals, metal goods | 80 835 726 | 77 611 771 | 4% |
| Gross profit | 152 968 478 | 117 241 374 | 30,5% |
| Profit from sales | 132 564 581 | 95 998 825 | 38% |
| Profit before tax | 125 659 677 | 91 656 580 | 37% |
| Net profit | 98 930 376 | 74 870 679 | 32% |
Norilsk Nickel is planning to publish its 9M production results on Friday.