JSW plans PLN 1 bln net profit annually - CEO

WSE-listed mining group JSW expects PLN 1 billion net profit per annum until 2030, the company’s CEO Daniel Ozon said while announcing the its new strategy. The new strategy for 2018-2030 assumes an EBITDA margin of the group on average at 30 percent (compared to 11.7 percent in 2011-16) and total investment and capital expenditures in the group to amount to PLN 18.9 billion till 2030. JSW assumes that the ROE will average 8.5 percent and net sales profitability will reach 12.2 percent. Ozon added, that JSW will increase its coal production to 18.2 million metric tons in 2030. This year’s the planned output is at 15.4 million tons, while in 2024 it should reach PLN 16.6 million tons, according to the company’s estimates.