Poland-based coking coal producer Jastrzebska Spolka Weglowa SA (JSW) has announced its financial and operational results for 2022.
In the given year, the company reported a net profit of PLN 7.6 billion ($1.77 billion), despite unfavorable market conditions, recording the best result in its history. In 2022, JSW’s total sales revenues increased by 90.5 percent year on year to PLN 20.2 billion ($4.71 billion) due to higher coking coal and coke prices, while its EBITDA was PLN 10.6 billion ($2.47 billion).
In the given period, prices of coking coal and coke rose by almost 144 percent and 72 percent, respectively, both year on year.
In 2022, JSW produced 14.1 million mt of coal, up by 2.1 percent year on year, despite force majeure declared in May following two consecutive accidents at its mines. The company’s coke production was 3.2 million mt in the given year, down by 13.5 percent year on year.
