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JSW Coal in a disappointing Q1 run, Equities News - EquitiesPoland.pl
Coverage of high-potential mid-market firms in Poland


JSW Coal in a disappointing Q1 run


Listed coal and coke group JSW suffered an 11.5% y/y coal production decline to 3.78 mln tons in Q2, while total sales were down by 12.6% y/y to 3.61 mln tons, the company said in a market filing post session.

Adjusted for the production of Krupinski and Ruch Jas-Mos mines, which were transferred by JSW to state restructuring vehicle SRK in October last year, both sales and production were up in annual terms by around 11%, the company said.



Full size
[in mln tons] Q2 2017 Q2 2016 y/y change
Total coal production 3,78 4,27 -11,5
ex. Krupinski and Jas-Mos 3,78 3,38 11,8
Coking coal production 2,73 2,88 -5,2
ex. Krupinski and Jas-Mos 2,73 2,38 14,7
Coal for energy production 1,05 1,39 -24,5
ex. Krupinski and Jas-Mos 1,05 1,00 5,0
Total coal sales 3,61 4,13 -12,6
ex. Krupinski and Jas-Mos 3,61 3,26 10,7
Total coke production 0,87 1,05 -17,1
ex. WZK Victoria 0,87 0,95 -8,4
External coke sales 1,00 1,14 -12,3
ex. WZK Victoria 1,00 1,02 -2,0



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