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Interfax.com  |  Interfax news  |  SUEK-Kuzbass swings to 4.2 bln ruble loss in 2013


News headlines


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):

2013 2012
Revenue 60 492 53 047
Cost 32 039 26 782
Gross profit 28 453 26 265
Profit (loss) on sales (2 899) 6 760
Pretax profit (loss) (5 011) 5 129
Net profit (loss) (4 236) 3 672

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.

Jh ak

(Our editorial staff can be reached at eng.editors@interfax.ru)

/Interfax/
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August 02, 2014
 
09:00
RUSSIA AND FSU GENERAL NEWS
 
00:15
Russian, German foreign ministers welcome contact group on Ukraine meeting in Minsk (Part 2)
 
00:06
Russia views CFE Treaty as irrelevant - Foreign Ministry
 
August 01, 2014
 
23:59
Moscow views U.S. criticism of Russia's incomplete info on chemical weapons as "inappropriate"
 
23:31
Moscow calls U.S. accusations of violating INF "biased, brazen"
 
23:06
Russian, German foreign ministers welcome contact group on Ukraine meeting in Minsk
 
22:42
RUSSIAN, GERMAN FOREIGN MINISTERS WELCOME CONTACT GROUP MEETING IN MINSK, EMPHASIZE IMPORTANCE OF MEASURES TO STOP FIGHTING IN UKRAINE, ENSURE PROPER PLANE CRASH INVESTIGATION
 
22:39
 
22:03
Georgia minister plays down Russia's suspension of free trade accord
 
21:40
Businessmen involved in destabilization of Donbas will bear financial, criminal liability - Poroshenko
 
21:38
Russia criminal investigation agency confirmed Vorotnikov's arrest in Italy
 
21:35
Daily Headline News for August 1, 2014
 
21:33
Putin: U.S. sanctions counterproductive, damaging to intl stability
 
21:31
All European countries support Ukraine - Poroshenko
 
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