JSW 2017 results soar

WSE-listed coal miner JSW had PLN 747.8 million Q4 net profit, up by 153.7 percent y/y, while revenues reached PLN 2.19 billion, a 1.2 percent increase. EBITDA was up by 58.9 percent at PLN 1.11 billion. For the whole year, JSW had PLN 2.53 billion net profit, an impressive 37,794 percent y/y growth, while the revenues increased by 329 percent to PLN 8.88 billion, and EBITDA reached PLN 3.94 billion, a 270 percent y/y increase. According to the company, such good results are “the effect of favorable coking coal prices, optimization measures and consistent implementation of the restructuring program.”