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)
January 16, 2017
Golden Camel Group to build $22.5-mln traditional fermented milk product dairy in Kazakhstan
Implementation of political part of Minsk agreements impossible without cessation of hostilities in Donbas - U.S. Vice-President Biden
Russian business ombudsman to attend Trump inauguration ceremony
Moscow not to accuse foreign authorities of being involved in cyber attacks on Russian resources - Peskov (Part 2)
Commission to investigate plane crash near Bishkek formed, goes to Kyrgyzstan on Monday - IAC
CENTRAL BANK OF RUSSIA RUBLE EXCHANGE RATES FROM 17.01.2017
CB to quote ruble at 59.6067 rubles/$1 and 63.2308 rubles/EUR1 on January 17
IAC: FOUR-MEMBER COMMISSION FORMED TO INVESTIGATE BOEING CRASH NEAR BISHKEK; THEY ARE FLYING TO KYRGYZSTAN ON MONDAY
Peskov on Trump initiative on nuclear disarmament: let's wait for him to take office (Part 2)
Ukraine issue to be on agenda of Russia-U.S. dialogue - Peskov (Part 2)
Moscow shares Trump's opinion that NATO is remnant of past - Peskov (Part 2)
Turkmenistan's GDP grew 6.2% in 2016
Peskov: there are no contacts with Trump team (Part 2)
Pakistani Minister of Planning, Development and Reform Ahsan Iqbal has given an interview to Interfax in the wake of his visit to Moscow in which he speaks about prospects of interaction between Russia and Pakistan in various spheres, prospects of Russia’s joining the China-Pakistan economic corridor project, the settlement in Afghanistan and prospects of Pakistan’s joining the Nuclear Non-proliferation Treaty.
Head of the delegation of the International Committee of the Red Cross (ICRC) in Russia, Belarus and Moldova Magne Barth has explained the position of the ICRC on interaction with Russian military in Syria. Earlier the Russian Defense Ministry called the ICRC reaction regarding the death of two Russian medical workers in a strike on a Russian military hospital in Syria’s Aleppo cynical.
President of the International Committee of the Red Cross Peter Maurer has given an interview to Interfax correspondent Alexander Korzun ahead of his visit to Russia on November 23-25, in which he speaks about topics he would discuss with Russian officials, his assessment of ICRC interaction with Russia, and problems that the organization faces in Syria and Ukraine.