Norilsk Nickel increased profit under IAS by 3% in H1

MMK Norilsk Nickel in H1 2015 increased its net profit under IAS by 3% to $1.493 bln from $1.456 bln in H1 2014.

The net profit of Norilsk Nickel taking into account non-monetary operation rose by 21% to $1.923 bln. EBITDA in H1 rose by 8% to $2.708 bln. The revenue of GMK fell by 14% to $4.907 bln.

Gross profit rose by almost 4% to $2.825 bln. The prime cost of sold metals fell by 30% and made up $1.765 bln.

The net turnover capital fell by 34% to $715 mln as of June 30th 2015. In the past 2 years the circulation capital fell by almost 6 times. Free monetary flow made up $2.179 bln (-8%), the free monetary circulation flow/revenue ratio reached the record 44%, Norilsk Nickel reports.

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