Brief: Coal Energy Q1 net loss shrinks to $584,000

Coal Energy SA

30/11/2015 08:19

Nov 30(Reuters) - Coal Energy SA  CLEP.WA : 
    * Said on Friday that Q1 2016 ending on Sept. 30 revenue was 
$8.0 million versus $6.1 million a year ago 
    * Q1 2016 operating profit was $2.7 million versus loss of 
$2.3 million a year ago 
    * Q1 2016 net loss was $584,000 versus loss of $4.0 million 
zlotys year ago 
    * Q1 positive EBITDA of $3.8 million versus negative EBITDA 
of $4.3 million in Q4 2015 
    * Q1 output of thermal and coking coal reached 115.8 
thousand tonnes, up 118.9 percent quarter on quarter (q-o-q), 
while waste processing reached 24.4 thousand tonnes, up 34.8 
percent q-o-q 
    * The situation on the Ukrainian market slightly improved as 
output of thermal coals increased and supplies of coal from 
Donbas were arranged  
    * As of the end of Sept. most of the thermal power plants 
were provided with sufficient fuel reserves (around 1.7 million 
tonnes) however the planned amount of coal on warehouses enough 
for the heating season is estimated around 2.8 million tonnes  
    * Thus successful completion of the coming heating season is 
still dependent on sustainable supplies of coal both from 
domestic and foreign markets  
 
     
  
     
 Source text for Eikon:  ID:nEM2712339  
     
 Further company coverage:  CLEP.WA   
    
 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))