In 2013, Krasnodonugol increased its losses almost three times

Metinvest has published its financial results of its coal asset – the company Krasnodonugol, which supply coking coal to the group’s metallurgical enterprises - in 2013.

The Krasnodonugol’s loss grew almost 2.8 times from 290.7 million hryvnias in 2012 to 802.7 million hryvnias in 2013. The enterprise’s assets decreased almost by 12% to 6.4 billion hryvnias, the fixed asset almost by 20% to 3.6 billion hryvnias, the long-term liabilities by 0.1% to 2.9 billion hryvnias and the current liabilities grew by 23.5% to 241.7 million hryvnias.

But analysts state that this information doesn’t allow them to draw precise conclusions about reasons of the financial result reduction – it’s necessary to know structure of Krasnodonugol’s costs in the last year and its incomes. But this information hasn’t been published yet.