Raspadskaya Coal Company (Raspadskaya), one of the largest coking coal producers in Russia, has announced its consolidated IFRS (International Financial Reporting Standards) financial results for 2012.
Accordingly, due to a low demand for coal products and a declining price trend during 2012 in all regional markets, Raspadskaya registered a net loss of $31 million, compared to a net profit of $136 million in 2011, while its sales revenue decreased by 25 percent year on year to $542 million. The company's adjusted EBITDA totaled $141 million in 2012, indicating a decrease of 56 percent year on year.
Source:
http://www.steelorbis.com/steel-news/latest-news/raspadskaya-posts-net-loss-of-31-million-for-2012-750294.htm