Friday, June 8, 2007

Norilsk says Full-Year Profit More Than Doubles on Record Nickel Prices

(Bloomberg) -- OAO GMK Norilsk Nickel, the world's
biggest producer of nickel and palladium, said full-year profit
more than doubled on record metal prices and the spinoff of gold
assets.

Net income rose to $5.97 billion, or $31.7 a share, from
$2.35 billion, or $11.7 a share, a year earlier, the Moscow-
based miner said today in a statement on its Web site. Sales
climbed 61 percent to $11.6 billion.


Read more at Bloomberg Emerging Markets News

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