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Norilsk Eyes $1.4Bln Profit

Norilsk Nickel, the world's largest nickel and palladium miner, expects its first-half net profit to exceed $1.4 billion, the company said Friday.

According to preliminary results, its first-half revenue will exceed $5.9 billion, while EBITDA will reach $2.5 billion, Norilsk added.

The company did not provide updated data for the first half of 2011, when it reported net income of $1.8 billion and revenue at $7.3 billion.

(Reuters)

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