22 Jul 2011 10:36

Norilsk Nickel IFRS net profits up 17% at $3.089 bln for 2010

MOSCOW. July 22 (Interfax) - Net profits at Russian metals giant OJSC Norilsk Nickel climbed 17% to $3.089 billion as calculated to International Financial Reporting Standards (IFRS) last year, the company's unaudited financial statement published Friday says.

Norilsk Nickel made $2.651 billion in IFRS net profits in 2009.

Less the stakes of minority shareholders, profits came to $3.298 billion.

A consensus forecast compiled among investment bank analysts by Interfax produced an expected figure of $5.034 billion.