IFRS net profit of OJSC Kuzbasskaya Toplivnaya Company (KTK) for H1 2013 decreased 13.68-fold to RUB 44 million against RUB 602 million the year before, the company informed.
Revenue decreased by 16.7% to RUB 9.584 billion from RUB 11.505 billion, profit from operations 2.32-fold to RUB 411 million from RUB 953 million, pre-tax profit 9.87-fold to RUB 79 million from RUB 780 million, EBITDA by 33.27% to RUB 987 million from RUB 1.479 billion, EBITDA margin to 10% from 13%.
OJSC Kuzbasskaya Toplivnaya Company (KTK, name as per Articles of Association, tax number: 4205003440) is one of the largest coal-mining companies of Kemerovo region and Russia. It includes coal strip mines Vinogradovskiy, Karakanskiy-Yuzhniy, Cheremshanskiy, the transport company TEK Meret, the fuel-supplying enterprises in Kemerovo, Novosibirsk, Omsk region, Altai Krai, the heat power enterprise Kaskad-Energo. As of January 1, 2011, the company's coal stock as per JORC was 402 million tonnes of run of mine coal, the proved and probable stocks reserves to be developed in 2011-2030 were 185 million tonnes.
IFRS net profit of OJSC Kuzbasskaya Toplivnaya Company for Q1 2013 fell 10.42-fold to RUB 86 million from RUB 896 million for 2011. Revenue decreased by 25.93% to RUB 4.927 billion from RUB 6.652 billion, profit from operations 3.63-fold to RUB 233 million from RUB 846 million, pre-tax profit 8.91-fold to RUB 127 million from RUB 1.131 billion.
RAS net profit of OJSC Kuzbasskaya Toplivnaya Company for H1 2013 dropped 5.24-fold to RUB 78.443 million from RUB 411.159 million the year before. Revenue decreased by 17.8% to RUB 8.274 billion from RUB 10.066 billion, sales profit by 39.67% to RUB 560.907 million from RUB 929.737 million, pre-tax profit 4.64-fold to RUB 112.796 million from RUB 522.96 million.