Friday, 08 June 2007

Norilsk profit up 154 percent

(Reuters) - Norilsk, owned by Russian billionaires Vladimir Potanin and Mikhail Prokhorov, said net profit rose 154 percent last year to $5.965 billion, beating analysts' forecasts.




Analysts said they expected the Russian miner to post strong results in 2007, despite a possible decline in nickel prices, as its newly acquired refinery in Finland will add to production.


Read more at Reuters.com Market News

No comments: