Norilsk Nickel posts $2.65 bln profit for 2009, sales down 27%

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Norilsk Nickel posts $2.65 bln profit for 2009, sales down 27%

MOSCOW. May 18 (Interfax) - MMC Norilsk Nickel closed 2009 with net profit of $2.651 billion to International Financial Reporting Standards (IFRS), compared with losses of $555 million in 2008, the Arctic mining and smelting giant said in an earnings report.

This was better than the $2.208 billion that analysts predicted in a consensus forecast for Interfax.

Sales revenue fell 27% to $10.155 billion, which was also above the forecast of $9.844 billion.