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    Norilsk Nickel 2010 net profit expected at over $5 bln - CEO

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    Russia's Norilsk Nickel, the world's largest nickel producer, expects 2010 net profit to exceed $5 billion, General Director Vladimir Strzhalkovsky said on Friday.

    Russia's Norilsk Nickel, the world's largest nickel producer, expects 2010 net profit to exceed $5 billion, General Director Vladimir Strzhalkovsky said on Friday.

    The company expects 2010 revenue to reach $15 billion, he told Prime Minister Vladimir Putin.

    Norilsk Nickel's capitalization increased 90% in 2010, Strzhalkovsky added.

    "The year has ended successfully, the company's capitalization has risen almost 90%," he said.

    The company's investment program to 2025, which has not been approved yet by the board of directors, may total $32 billion, while in 2011 Norilsk Nickel intends to boost investment 130% to 90 billion rubles ($3 billion), Strzhalkovsky added.

    "We plan to allocate $32 billion in investment projects during the period," he said, referring to the company's development strategy until 2025.

    NOVO-OGARYOVO, Russia, January 14 (RIA Novosti)

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