OREANDA-NEWS. July 25, 2011. OJSC MMC Norilsk Nickel (“MMC Norilsk Nickel” or the “Company”) and its subsidiaries (the “Group”) hereby presents unaudited financial results for the year ended 31 December 2010, prepared in accordance with International Financial Reporting Standards (“IFRS”), reported the press-centre of Norilsk Nickel.

SALES REVENUE

Sales revenue in 2010 increased by 50% as compared to 2009, and amounted to USD 12,775 million.

Revenue from metal sales

Revenue from metal sales increased by 50% as compared to 2009 and amounted to USD 12,126 million. The key reason for this growth was an increase in market prices for precious and base metals produced by the Group, as well as an increase in metal volumes sold, with the exception of copper (detailed information is presented in the tables below).

A favourable situation on the metals market in 2010 led to an increase in sales prices and therefore revenues from base metals by USD 3,004 million (or 47%) and from precious metals by USD 1,047 million (or 62%).

Full report see here: http://www.nornik.ru/_upload/editor_files/file1650.pdf