Raspadskaya Coal Company (Raspadskaya), the second largest coking coal producer in Russia and a subsidiary of domestic steelmaker Evraz Group, has announced its financial results for 2008.
Accordingly, in 2008 Raspadskaya registered a 121 percent increase in its net profit to $531 million, a 53 percent growth in its sales to $1.2 billion, and an 85 percent rise in its EBITDA to $868 million.
In 2008, Raspadskaya invested about $286 million in the maintenance and development of its facilities for mining, dressing and transportation of coal.