The net loss of Raspadskaya under IAS fell 8 times in H1
Edited by Rhod Mackenzie / 2015-09-04 01:12:17
Finance Metals and mining Russia Russia mineral extraction Financial results Raspadskaya Evraz Russia Metals and Mining Coal
The net loss of Raspadskaya OJSC, one of the largest coking coal producers in Russia, under IAS fell 8 times in H1 2015 against H1 2014 and amounted to $8.380 mln.
The revenue fell by 17% to make up $227.8 mln, the revenue from the sale of coal products by 5% to $196 bln, prime cost fell by 36% to $157.3 mln. EBITDA made up $66.8 mln against a negative result of $8.3 mln a year earlier, the operational profit - $9.1 mln against the loss of $64.2 mln.
As of June 30th 2015 the company’s net debt made up $470.8 mln having fallen by 1% in H1. The long-term debt was represented mainly by 7.75% euro bond for $399 mln with the settlement in 2017 as well as a 7% inner-group loan from the structures of Evraz for $79.7 mln.
