July 28, 2014 13:03
Mechel's Southern Kuzbass Coal Co's H1 losses fall 5% to RAS
KEMEROVO. July 28 (Interfax) - The Mechel (MOEX: MTLR) coal and steel group's Southern Kuzbass Coal Company (MOEX: UKUZ) saw net losses to Russian Accounting Standards (RAS) fall 5% year-on-year to 1.715 billion rubles in H1 2014, the coal company said in a report.
Sales revenue fell 11% year-on-year to 13.371 billion rubles.
The reason for the change was not disclosed in the report.
Southern Kuzbass financial highlights ('000 rubles):
||13 370 824
||14 997 921
|Cost of sales
||11 409 485
||13 010 524
||1 961 339
||1 987 397
|Profit (loss) before tax
||(1 768 879)
||(1 979 565)
|Net profit (loss)
||(1 715 383)
||(1 803 013)
Accounts receivable grew to 13.832 billion rubles by June 30, 2014 from 12.205 billion rubles on December 31, 2013. Long-term payables rose to 69.887 billion rubles from 62.942 billion rubles and short-term payables fell to 20.161 billion rubles from 24.523 billion rubles.
Southern Kuzbass is one of the largest coal producers in Russia, operating three deep mines, four open pits, four washing plants and ancillaries.
Cm pr of
(Our editorial staff can be reached at firstname.lastname@example.org)
August 25, 2016
Fund for support to Olympians to transfer to ROC funds to help track-and-field athletes who were barred from Olympics - Medvedev (Part 2)
ALL SIDES SHOULD AVOID ACTIONS THAT MAY ESCALATE TENSIONS ON KOREAN PENINSULA - RUSSIAN FOREIGN MINISTRY ON NORTH KOREAN MISSILE LAUNCHES
Explosion jolts Donetsk center, 1 dead (Part 3)
MOSCOW ALARMED BY U.S.-SOUTH KOREAN JOINT EXERCISES, WHICH MAY BECOME SPARK CAUSING FIRE - RUSSIAN FOREIGN MINISTRY
NO PROSPECTS FOR NORMALIZATION OF SITUATION IN KOREAN PENINSULA CURRENTLY VISIBLE - RUSSIAN FOREIGN MINISTRY
Mosenergo targeting 12.5 bln rubles capex in 2017, as in 2016
Russia will defend its athletes' interests using all possible methods - Medvedev
Due to IPC decision Russian PM regrets accusations against Russian sports not ending
Fund for support Olympians to transfer to ROC funds to help track-and-field athletes who were barred from Olympics - Medvedev
ISIL USING CHEMICAL WEAPONS IN SYRIA, MOSCOW'S RELEVANT SUSPICIONS BACKED BY OPCW REPORT - RUSSIAN FOREIGN MINISTRY
ALL CHEMICAL WEAPONS USE INCIDENTS IN SYRIA, NOT ONLY THOSE OF WHICH DAMASCUS IS SUSPECTED, SHOULD TO BE INVESTIGATED - RUSSIAN FOREIGN MINISTRY
Pakistan, over 10 other countries to present defense products at Army 2016 forum
Steel maker MMK to pay shareholders at least 30% of FCF twice per year (Part 2)
FACTS OF CHEMICAL WEAPONS USE IN SYRIA PRESENTED IN OPCW REPORT NEED TO BE TREATED MOST SERIOUSLY - RUSSIAN FOREIGN MINISTRY