Europe's largest coking coal producer Poland-based Jastrzebska Spolka Weglowa SA (JSW) has announced its financial results for the second quarter of 2013.
In the second quarter, JSW reported a net profit of PLN27.5 million ($8.7 million), while its sales revenues amounted to PLN 1.93 billion ($612 million). The company's EBITDA in the given quarter was PLN 351.51 million ($111.5 million).
JSW's coal production in the given quarter decreased by 5.9 percent to 3.31 million mt, while its coke production increased by 1.7 percent to 1.04 million mt, both compared to the previous quarter.
According to JSW's statement, coal sales to external customers were down by 8.8 percent in the second quarter compared to the previous quarter to 2.26 million mt, while coal sales were up 18.1 percent year on year in the first half. The company's coke sales in the second quarter were 941,800 mt, down 15.6 percent compared to the previous quarter, while in the first half its coke sales amounted to 2.05 million mt, increasing 10.6 percent year on year.
