Coal Energy decreases coal production in May



18 июня 2013 года
Конкорд Капитал

Coal Energy (CLE)


Coal Energy mined 52.8 kt of thermal coal in May (-20% m-o-m, -60% yoy) and extracted 12.9 kt of coking coal (-18% m-o-m, -48% yoy). Coal production from waste reprocessing grew 24.5% m-o-m, but fell 51.1% yoy to 9.8 kt.



Roman Topolyuk: Coal Energy’s operating performance falls in line with adverse sector trends in both coal sub-segments: electricity production by thermal power plants decreased 10% yoy in 5M13, while coke output plunged 9.6% yoy. Market conditions are continuing to deteriorate, thus we expect to see a further decline in coal production by Coal Energy in June-August.

Источник: Конкорд Капитал

Аналитик: Роман Тополюк


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