Coal miners with PLN 3.6 bln net profit in 2017

Polish coal miners sold 66.3 million metric tons of coal last year, compared with 73.1 million in 2016, the Industry Restructuring Agency (ARP) said. Despite the lower volumes, revenues, boosted by the 26 percent increase in coal prices, increased by 14 percent to third to PLN 20.5 billion. Net profits of coal miners grew to PLN 3.6 billion compared with PLN 666 million in 2016. Polish coal mines extracted 65.5 million tons of coal compared with 70.4 million in 2016. The difference was offset by the 5.1 million tons increase in imported coal.