JSW with PLN 253 mln net loss

Mining company Jastrzębska Spółka Węglowa (JSW) recorded a consolidated net loss of PLN 253 million in the second quarter of 2014. Analysts polled by the Polish Press Agency had expected the loss to be PLN 253.8 million. The company’s operating loss came in at PLN 292.7 million compared to a market consensus of PLN 280.2 million. Consolidated revenue stood at PLN 1.47 billion compared to an expected PLN 1.48 billion. JSW produced 4.2 million metric tons of coking coal in the whole first half of 2014 compared to 4.9 million tons a year earlier. Extraction of coal for power generation stood at 1.5 million tons compared to 1.9 million tons in H1 2013.