Nickel Investing News » Norilsk Beats Nickel Earning Forecast

Norilsk Beats Nickel Earning Forecast

May 19, 2010 @ 7:50 pm In Nickel Company News

OAO GMK Norilsk Nickel ^[1] has posted a higher than expected earnings for the first quarter yesterday. The company's sales fell 27% to $10.2bn. Its net income was $2.65 billion as compared with a $555 million loss in 2008.

The Norilsk's biggest revenue generator is nickel. This metal was the best-performing commodity in 2009 which has beaten 23 other futures in the Standard & Poor's GSCI index, with a gain of 61%.

Click here to access the entire news ^[2]

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[1] Norilsk Nickel: http://www.nornik.ru/en/about/

[2] Click here to access the entire news: http://www.businessday.co.za/articles/Content.aspx?id=109381