Norilsk Nickel boosted IFRS net profit 90% in 2010 - analysts
MOSCOW. July 21 (Interfax) - MMC Norilsk Nickel posted a net profit of $5.034 billion in 2010 under International Financial Reporting Standards (IFRS), 90% more than in 2010, analysts at investment companies and banks told Interfax in a consensus forecast.
Revenue rose 44.2% to $14.639 billion and EBITDA was up 66.3% to $7.343 billion, according to the forecast.
Norilsk Nickel had a net profit of $2.651 billion in 2009 on revenue of $10.155 billion. EBITDA amounted to $4.416 billion.
Norilsk Nickel may publish IFRS results for 2010 on Friday, July 22.
Forecast indicators for Norilsk Nickel in 2010 ($ mln):
| Reveue | EBITDA | Net profit | |
| Citigroup | 14 269 | 7 677 | 5 184 |
| Credit Suisse | 14 834 | 7 488 | 5 326 |
| Deutsche Bank | 14 566 | 7 170 | 5 167 |
| Goldman Sachs | 14 765 | 7 380 | 5 933 |
| ING | 14 334 | 7 406 | 4 972 |
| Merrill Lynch | 14 671 | 7 095 | 4 152 |
| Morgan Stanley | 14 051 | 6 856 | 4 822 |
| Nomura | 14 654 | 7 171 | 5 047 |
| UBS | 14 770 | 7 457 | 5 047 |
| Alfa Bank | 15 122 | 7 293 | 4 906 |
| BrokerCreditService | 14 450 | 7 543 | 5 046 |
| Metropol | 14 941 | 7 590 | 5 113 |
| Otkritie | 14 740 | 7 517 | 5 288 |
| Uralsib | 14 782 | 7 152 | 4 478 |
| Consensus | 14 639 | 7 343 | 5 034 |
| 2009 | 10 155 | 4 416 | 2 651 |
| 2010/2009 | +44.2% | +66.3% | +89.9% |
Norilsk Nickel produced 297,000 tonnes of nickel in 2010, 5.1% more than in 2009. Copper production fell 3% to 389,000 tonnes, palladium output rose 2% to 2.861 million oz and platinum production was up 5% to 693,000 oz.
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