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. Last Updated: 07/27/2016

OGK-3 Profit Jumps 18%

Electricity producer OGK-3 posted an 18 percent rise in first-half net profit due to lower tax payments, helping its shares rise around 6 percent.

The company, controlled by the world’s largest nickel miner, Norilsk Nickel, said in a Tuesday statement that its net profit for the six months to end-March came in at 3.8 billion roubles ($128.8 million) — up from 3.2 billion rubles last year.