The board of directors of the Russian coal producer Raspadskaya has recommended paying no dividends for 2016, the company said in a statement. The board has recommended spending 6.752 billion rubles of the net profit of 12.957 billion rubles to redeem a loss of previous years and leaving the remaining 6.205 billion rubles undistributed. The…
In 2016 the net profits of Raspadskaya, one of the largest coking coal producers in Russia, reached $185 million as opposed to $126 million of losses in 2015. Raspadskaya is the only industrial territorial complex on coal mining and processing in the Kemerovo region. It has licenses to mine on the vast coal deposits to…
In January-September Raspadskaya, a major coking coal producer within Evraz Group, received 8.22 billion rubles of net profits, as compared to 2.8 billion rubles of losses last year. The company revenue totaled 5.89 billion rubles, down by 17.9% YoY (7.17 billion rubles). Its EBITDA increased to 8.87 billion rubles from the losses of 3.49 billion…
Russian coal producer Raspadskaya plans to cut its capital expenditures by 8% YoY, $33 million in 2016, CEO Sergei Stepanov said. “The guidance for capex this year – on the whole, we expect $33 million, we will discuss capex for the next year at the end of this year”, he said. Stepanov also said the…