Yuzhny Kuzbass has issued a 2.386 bln roubles loan to Mechel-Trans
Edited by Rhod Mackenzie / 2016-01-14 06:21:09
On Jan 12th Yuzhny Kuzbass coal company OJSC signed a loan issue agreement with Mechel-Trans Ltd, Yuzhny Kuzbass reports.
The loan is issued until April 20th 2020.
The registered capital of Yuzhny Kuzbass is 1.444 mln roubles. The major shareholder is the affiliate of Mechel – Mechel-Mining OJSC which holds 93.48%.
The net profit of Yuzhny Kuzbass in H1 2015 under IAS made up 7.898 bln roubles against the loss of 2.701 bln rubles in H1 2014. The revenue grew by 31.17% to 17.671 bln roubles from 13.42 bln rubles, operational profit amounted to 3.634 bln roubles against the loss of 818.028 mln roubles, consolidated EBITDA made up 9.404 bln roubles against the negative result of 1.381 bln roubles in H1 2014.
