Brief: Coal Energy FY net loss widens to $9.6 mln

Coal Energy SA

01/11/2017 06:09

Nov 1(Reuters) - COAL ENERGY SA  CLEP.WA : 
    * REPORTED ON TUESDAY UNAUDITED FY 2017 TOTAL REVENUE OF 
$26.5 
MILLION, UP 10.9 PERCENT Y-O-Y 
    * FY NET LOSS $9.6 MILLION VERSUS A LOSS OF $6.5 MILLION 
YEAR AGO 
    * FY EBITDA $5 MILLION, DOWN 47.9 PERCENT Y-O-Y 
    * FOR Q4 2017 IT RECORDED LOSS OF $0.5 MILLION VERSUS $2.1 
MILLION 
OF LOSS FOR Q3 2017 
    * MINING OUTPUT OF THERMAL AND COKING COAL IN Q4 REACHED 
38.2 
THOUSAND TONNES, DOWN BY 28.1 PERCENT Q-O-Q  
    * Q4 TOTAL COAL VOLUME SALES REACHED 74.1 THOUSAND TONNES 
DEMONSTRATING 29.2 PERCENT DECREASE Q-O-Q 
    * SAID ITS BUSINESS WAS ADVERSELY AFFECTED BY THE MILITARY 
CONFLICT AND TRADE BLOCKADE IN 2017 
    * IN SEPT. IT POSTPONED ANNUAL AUDIT PROCEDURE UNTIL THE 
ARMED 
UNRESTS IN THE REGION OF OPERATIONS ARE RESOLVED AND ACCESS TO 
ASSETS AS WELL AS TO DOCUMENTATION IS SAFE  urn:newsml:reuters.com:*:nEM1Rfwswa 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM1GmJP2a 
     
 Further company coverage:  CLEP.WA   
    
 
 
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