Kuzbasskaya Fuel Company (KTK, Kemerovo) reduced the 9-month net profit (RAS) 3.07 fold to 339.336mln rub. from 1.04bn rub. prior year, the company informed.
The revenues declined 5.7% to 13.672bn rub. from 14.499bn rub.; profit from sales - 38.1% to 1.014bn rub. from 1.638bn rub.; pretax profit- 2.96 fold to 443.323mln rub. from 1.313bn rub.
KTK (TIN 4205003440) is one of the largest coal producers in Russia. It includes Vinogradovsky, Karakansky-Yuzhny, Cheremshansky coal mines, Meret Transport Company, heat suppliers in Kuzbass, Novosibirsky and Omsky regions; Cascade-Energo Heat Entity. It keeps 402mln ton of coal resources under JORC and proved reserves in the volume of 185mln ton to be developed till 2030.
The IQ 2013 net profit (IAS) plunged 10.42 fold to 86mln rub. from 896mln rub.; revenues - 25.93% to 4.927bn rub. from 6.652bn rub.; operating profit
- 3.63 fold to 233mln rub. from 846mln rub.; pretax profit - 8.91 fold to 127mln rub. from 1.131bn rub.
The IQ 2013 net profit (RAS) moved down 9.07 fold to 79.227mln rub. from 718.81mln rub.; revenues - 26.7% to 4.066bn rub. from 5.547bn rub.; profit from sales - 2.53 fold to 295.579mln rub. from 748.754mln rub.; pretax profit - 8 fold to 112.469mln rub. from 899.464mln rub.