PGG with PLN 8 mln net profit in H1

State-owned coal miner Polska Grupa Górnicza (PGG) had a PLN 8 million net profit in the first half of 2017. The company had PLN 83 million net profit, which was offset by the assets acquired from the Katowicki Holding Węglowy (KHW) which came in with PLN 75 million loss. The EBIDTA result for the entire group stood at PLN 708 million, of which PLN 650 million was attributed to PGG, and PLN 58 million to the assets acquired from KHW. Coal production amounted to 17.1 million metric tons in the first six months of 2017. The group carried out preparatory work for 69.6 km of excavations in the first half of the year. During this period, 43 walls were in operation.