Coal Mine Bogdanka with lower profits

Coal mine LW Bogdanka reported a consolidated net profit of PLN 101.41 million in Q4 2014, compared with PLN 104.98 million in the same period one year ago, the company announced. The company's operating profit amounted to PLN 135.71 million in Q4 2014, versus PLN 117.24 million in Q4 2013. Bogdanka's sales revenue stood at PLN 523.22 billion in Q4 2014, while in Q4 2013, it was PLN 481.53 billion. The company's EBITDA amounted to PLN 749.95 million, versus PLN 754.94 million in the previous year. The Bogdanka coal mine represents one of the largest coal reserves in Poland having estimated reserves of 265.3 million tonnes of coal. The annual coal production is around 7.47 million tonnes.