JSW recorded net loss of PLN 3.1 bln in 2015

Jastrzębska Spółka Węglowa (JSW), Poland's largest coke producer, recorded a PLN 3.1 billion net loss in 2015, of which PLN 2.83 billion was due to impairments, a report read. In 2014, the company recorded a loss of PLN 354.1 million. JSW said that it faces the risk of losing liquidity. "The current liquidity situation of the group is hard," the report read. "In relation to negative cash flows, including high investment spending, [and] lack of additional sources of long-term financing, the risk of losing liquidity remains very high."