OREANDA-NEWS. September 24, 2012. OJSC MMC Norilsk Nickel (hereinafter – “Norilsk Nickel”, “the Company” or “the Group”), the world’s largest nickel and palladium producer, announces that estimated net profit of the Group under IFRS for 1st half of 2012 shall amount to more than USD 1.4 billion in accordance with the preliminary financial results, reported the press-centre of Norilsk Nickel.

As per preliminary estimates, in the reporting period revenue shall amount to more than USD 5.9 billion, EBITDA shall total USD 2.5 billion.

In general, despite macroeconomic headwinds in the first half of 2012, the Company has managed to safeguard solid profitability and demonstrate efficient cost management.

The Company intends to release full set of interim financial results for the first half of 2012 in accordance with IFRS after securing all necessary corporate approvals.