JSW to take PLN 759 mln hit on mine impairments

WSE-listed coal miner JSW will take a PLN 759.1 million hit to its 2017 financial results from impairments on its mines Budryk-Szczgłowice and Budryk, the company said in a market filing. Furthermore, the company’s coke subsidiary JSW Koks will take a PLN 113.4 million write-off, but it will only affect the company’s standalone profit and will have no impact on the groups’ results. The final size of the impairments will be announced in JSW financial report for 2017.