30 Oct 2009 18:18

Norilsk Nickel posts 20.7 bln rubles net profit in Q3

MOSCOW. Oct 30 (Interfax) - MMC Norilsk Nickel closed the third quarter of 2009 with net profit of 20.658 billion rubles to Russian Accounting Standards (RAS), the company said.

Net profit was 52.097 billion rubles in Q2 2009 and fell in Q3 "due to the reflection in other income in Q2 2009 of positive revaluation of financial investments by the issuer at market prices as of the end of the reporting period."

Net profit to RAS was 44.98 billion rubles in the first half of 2009, so profit for the nine months ended September 30 was 67.64 billion rubles, compared with losses of 52.154 billion rubles in the same period of last year.