Coal miners with PLN 1.4 bln net profit in H1

Polish coal miners sold 33.4 million metric tons of coal in the first six months of the year, down 1.1 million tons y/y, the Industry Restructuring Agency (ARP) said. Despite the lower volumes, revenues, boosted by the 38.2 percent increase in coal prices, soared by nearly a third to PLN 10.6 billion. Net profits of coal miners grew to PLN 1.4 billion. Coal inventories decreased m/m to 1.9 million tons at end-June vs. 5.24 million tons last year.