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)
December 03, 2016
ICAO should analyze Ukraine's firing exercises to rule out such situations in future - Russian transport minister
Progress cargo spacecraft crash could have been caused by its own problems, not launch vehicle's - source
New U.S. proposals on Aleppo consistent with Moscow's opinion - Lavrov
Russia ready to send experts, diplomats to Geneva to discuss joint steps on Aleppo with U.S. - Lavrov
Moscow, Tokyo discussing joint economic activities in Kuril Islands - Lavrov
Lavrov: Peace treaty primary precondition for settling Russian-Japan territorial dispute
Lavrov warns against too high expectations of progress in peace treaty conclusion with Japan
Russian mine disposal experts to start working in eastern Aleppo soon - Defense Ministry
Russia interested in resolving peace treaty problem with Japan, but bringing positions closer together is not easy - Lavrov
RUSSIA INSISTS ON COORDINATING CONCRETE TIMEFRAMES WITH U.S. FOR IMPLEMENTING STEPS TOWARD NORMALIZING SITUATION IN EASTERN ALEPPO - LAVROV
MOSCOW READY TO IMMEDIATELY SEND MILITARY EXPERTS, DIPLOMATS TO GENEVA TO COORDINATE JOINT STEPS WITH U.S. FOR MILITANTS TO LEAVE EASTERN ALEPPO - LAVROV
LAVROV SAYS KERRY MADE PROPOSALS IN ROME THAT ARE CONSISTENT WITH RUSSIAN UNDERSTANDING OF HOW ALEPPO PROBLEM SHOULD BE RESOLVED
SPEARHEAD UNIT OF RUSSIAN MINE-DISPOSAL EXPERTS ARRIVES IN SYRIA, TO START WORKING IN ALEPPO SOON - RUSSIAN DEFENSE MINISTRY
MOSCOW, TOKYO DISCUSSING JOINT ECONOMIC ACTIVITIES IN KURIL ISLANDS - LAVROV