The 2013-net profit at Kuzbasskaya Fuel Company (KTK) declined (IAS) 2.83 fold to 640mln rub. from 1.81bn rub. prior year, the company informed.
The revenues dropped 2.66% to 22.49bn rub. from 23.104bn rub.; operating profit - 40.71% to 1.388bn rub. from 2.341bn rub.; EBITDA - 30.38% to 2.422bn rub. from 3.479bn rub., EBITDA margin coming to 11% vs. 15%.
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 2013 net profit (RAS) moved down 3.37 fold to 515.634mln rub. from 1.736bn rub.; revenues - 2.12% to 18.949bn rub. from 19.359bn rub.; profit from sales - 40.23% to 1.401bn rub. from 2.344bn rub.; pretax profit - 3.26 fold to 670.314mln rub. from 2.184bn rub.