The net profit of Siberian Coal Energy Company (SUEK) plunged by 39.3% YoY, to $706 million in 2019, as calculated under International Financial Reporting Standards (IFRS).
Revenue fell by 9%, to $7.547 billion mainly due to contraction of global coal prices. Revenue from exports of coal went down by 15%, to $4.877 billion, with international sales volume falling by 3%, to 53.8 million tons. Earnings before interest, taxes, depreciation, and amortization (EBITDA) shrank by 17%, to $2.115 billion.
Operating cash flow of the company rose by 8% in 2019, to $2.059 billion. (Prime/Ukrainian metal)