February 03, 2014 19:35
SUEK-Kuzbass swings to 4.2 bln ruble loss in 2013
KEMEROVO. Feb 3 (Interfax) - OJSC SUEK-Kuzbass (MOEX: SKZB) posted a net loss of 4.2 billion rubles in 2013 under Russian accounting standards compared with a net profit of 3.67 billion rubles in 2012, according to the company's financial reporting.
Revenue rose 14% to 60.492 billion rubles last year.
The materials do not pinpoint the reasons for the loss.
Key financial indicators for SUEK-Kuzbass (mln rubles):
|Profit (loss) on sales
|Pretax profit (loss)
|Net profit (loss)
Receivables declined to 2.981 as of December 31, 2013 from 4.883 billion rubles a year earlier. Long-term liabilities fell to 12.517 billion rubles from 18.732 billion rubles. Short-term liabilities rose to 34.320 billion rubles from 20.352 billion rubles.
SUEK, Russia's biggest coal company by output, has about a 30% share of Russia's coal market and accounts for about 25% of Russian experts of thermal coal.
SUEK-Kuzbass was created as part of the restructuring and consolidation of SUEK's regional coal mining subsidiaries.
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