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Russia’s Norilsk says first half profit down 22 pct


"The net profit reduction was caused by a loss on discontinued operations related to disposal of (power company) OGK-3 shares, amounting to $560 million," it said in a statement.Revenue rose by 24 percent to $7.3 billion from $5.9 billion in the first half of 2010, Norilsk said in the statement.Revenue from metals sales also rose by 24 percent year-on-year to $6.96 billion, it said.

Tags: Russias Norilsk says first half profit down 22 pct
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  1. christinebleath posted this