Brief: Coal Energy FY 2018/2019 Net Loss Narrows to $9.2 Mln

Coal Energy SA

13/11/2019 09:03

Nov 13 (Reuters) - Coal Energy SA  CLEP.WA :
    * REPORTED ON TUESDAY FY 2019 NET LOSS $9.2 MILLION VERSUS
LOSS
$10.1 MILLION YEAR AGO
    * FY 2018/2019 REVENUE $12.9 MILLION VERSUS $13.2 MILLION
YEAR AGO
    * FY 2018/2019 EBITDA $2.5 MILLION VERSUS $0.7 MILLION YEAR
AGO
    * FY 2018/2019 COAL PRODUCTION AT 136,800 TONNES, UP 12.3%
Y/Y
    * MANAGEMENT DECIDED TO RESTRUCTURE BUSINESS AND ALIENATE
ASSETS
LOCATED IN MILITARY CONFLICT ZONE NOT CONTROLLED BY UKRAINIAN
AUTHORITIES FOR DEVELOPMENT IN 2019
    * MANAGEMENT TO FOCUS EFFORTS ON ASSETS LOCATED IN TERRITORY
UNDER
UKRAINIAN AUTHORITIES CONTROL CWAL LE "MINE ST.MATRONA
MOSKOVSKAYA" AND TEKHINOVATSIYA LLC
    * MANAGEMENT EXPECTS TO FINALIZE RESTRUCTURING PROCESS AT
BEGINNING OF 2020

    
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