PLN 1.2 bln loss recorded in Poland's coal mining sector
16:30
Poland's coal mining sector posted a PLN 1.20 billion loss on coal sales, in comparison with PLN 1.51 billion in the corresponding period of 2015, the Energy Ministry informed.
A report shows that the sector's net loss improved to just PLN 152 million compared to PLN 1.63 billion in the previous year thanks to a positive PLN 1.95 billion result on other operating activity.
Aggregate sales revenues fell by 13 percent y/y to PLN 7.79 billion in H1, with average unit price down by 14 percent y/y to PLN 230.41 per ton. The steam coal price fell by 10 percent y/y, while coking coal prices declined by 22.4 percent. Unit coal production cost fell by 13.3 percent y/y in H1 to PLN 263.86 per ton.
