Russian miner Nornickel sees 2022 core profit down as sales drop
The company blamed sanctions over the war in Ukraine.
February 10, 2023
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MOSCOW — Russian mining giant Nornickel said on Friday its earnings before interest, tax, depreciation and amortization (EBITDA) fell 17 percent year-on-year in 2022 to $8.7 billion, as it grappled with a drop in sales and supply chain disruption.
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