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Russia's Norilsk Nickel returns to profit
Citation-ready fact
Norilsk Nickel reported a net profit of $2.65 billion (£1.83 billion) for 2009.
2.65 bn · net profit1.83 bn · net profit
Norilsk Nickel, producer
Citation-ready fact
Norilsk Nickel experienced a $555 million loss a year earlier and was hit by $4.7 billion in one-off charges.
555 m · loss4.7 bn · one-off charges
Norilsk Nickel, firm
Citation-ready fact
Norilsk Nickel reported a 27% drop in revenue to $10.2 billion.
27 % · drop in revenue10.2 bn · revenue
Norilsk Nickel, company
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Norilsk Nickel cut costs, with labour expenses down by 25%.
25 % · labour expenses
Norilsk Nickel, company
Citation-ready fact
Norilsk Nickel reduced its debt to $5.3 billion by the end of 2009 from $6.4 billion a year earlier and was required to repay almost $3 billion of loans and borrowings this year.
5.3 bn · debt6.4 bn · debtabout 3 bn · loans and borrowings to repay
Norilsk Nickel, firm
Citation-ready fact
Norilsk Nickel's cash and equivalents increased to $3.63 billion.
3.63 bn · cash and equivalents
Norilsk Nickel, company
Russian palladium and nickel producer Norilsk Nickel has reported a $2.65bn (£1.83bn) net profit for 2009.
The profit comes after a $555m loss a year earlier, when the firm was hit by one-off charges of $4.7bn.
The company reported a 27% drop in revenue to $10.2bn due to lower metal prices. However, it cut costs, with labour expenses down by 25%.
Norilsk Nickel is controlled by Oleg Deripaska's aluminium producer Rusal and Vladimir Potanin's Interros.
The firm said it had reduced its debt to $5.3bn by the end of 2009 from $6.4bn a year earlier, and was required to repay almost $3bn of loans and borrowings this year.
The company's cash and equivalents increased to $3.63bn.
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