Norilsk Nickel said Friday its net profit for the first half of the year, calculated to International Financial Reporting Standards, rose 140%, year-on-year, to $2.367 billion, according to RBC News.
Revenue in the reporting period grew 28%, year-on-year, totaling $4.191 billion, a statement said.
The world's largest producer of nickel and palladium posted its gross profits from metals sales in January-June at $2.816 billion, a 51% increase, year-on-year, attributing the rise to the favorable situation on the global metals market that increased prices for all the metals sold by the group.
Sales of nickel increased 10% to $2.026 billion, copper by 75% ($1.095 billion), palladium by 37% ($559 million), and platinum by 26% ($474 million) due to price rises, although sales volumes went down compared with the same period last year.