Norilsk Nickel's net income up in Q4 2003

The net income of Norilsk Nickel as of the fourth quarter of 2003 increased by 15.13 percent against the third quarter of 2003, and reached 9.5bn rubles (about $333m), the company reported. The financial indicators gross growth was reached thanks to a nonferrous and precious metals price increase in the fourth quarter of 2003.

According to a November 2003 forecast, Norilsk Nickel was planning to receive a consolidated net profit of 32.1bn rubles (about $1.1bn), which is five times higher than 2002 indicators. The sales volumes were planned at 137.4bn rubles (about $4.8bn).