RIA Novosti reported that Russian metals giant Norilsk Nickel reported an IFRS net profit of USD 545 million in January-June 2013, down 63.2% from the same period last year.

The company’s net profit was below the consensus forecast by analysts polled by the Prime news agency who expected the company’s net financial result for the first 6 months to be USD 913 million.

Norilsk Nickel said that its revenues in the reporting period fell 6.1% to RUB 5.565 billion.

Earnings before interest, taxation, depreciation and amortization dropped 7.8% in the first half of this year to USD 2.299 billion.