KHW miner net loss at 109.5 mln in H1
14:54
The ailing state-controlled coal miner KHW recorded a PLN 109.5 mln net loss in H1 2015, KHW said in a press statement.
EBITDA amounted to PLN 396.1 mln and investment outlays totaled PLN 316.64 million. The negative net result is related to "ongoing declines of coal prices and severe competition on the Polish market," the statement read. The company extracted 5.28 mln tons of coal and sold 5.15 mln tons, at an average price of PLN 11.6/GJ.
