Kuzbasskaya Toplivnaya Company Reports Earnings and Production Results for the Third Quarter and Nine Months Ended September 30, 2017; Provides Production Guidance for the Year 2017
For the nine months, the company reported revenue of RUB 25,429 million against RUB 18,269 million a year ago. Operating profit was RUB 990 million against RUB 152 million a year ago. EBITDA was RUB 2,340 million against RUB 1,138 million a year ago. Net profit was RUB 540 million against net loss of RUB 151 million a year ago. Net debt as at September 30, 2017 was RUB 5,534 million. Operating cash flow was RUB 1,933 million against RUB 878 million a year ago. Acquisition of property, plant and equipment was RUB 1,555 million against RUB 1,479 million a year ago.
For the quarter, the company reported coal production of 3.39 million tonnes against 3.04 million tonnes a year ago. Commercial production was 2.95 million tonnes against 2.65 million tonnes a year ago. Coal processing was 2.54 million tonnes against 2.03 million tonnes a year ago.
For the nine months, the company reported coal production of 9.43 million tonnes against 8.56 million tonnes a year ago. Commercial production was 8.17 million tonnes against 7.42 million tonnes a year ago. Coal processing was 7.02 million tonnes against 6.72 million tonnes a year ago.
In accordance with the production plan, the volume of coal production in the year 2017 will amount to 13.4 million tonnes.