Raspadskaya Coal Company (Raspadskaya), one of the largest coking coal producers in Russia, has announced its financial results based on consolidated international financial reporting standards (IFRS) for the first half of the current year. Raspadskaya stated that its operational performance has been highly impacted by global economic and industry conditions, affecting prices and volumes during the first half of this year.
In the given period, Raspadskaya registered a loss of $8.38 million, compared to a loss of $67.396 million in the first half of 2014, while its sales revenue declined by seven percent year on year to $227.8 million.
During the first half of the current year, Raspadskaya's capital expenditure declined by 37 percent year on year to $20.573 million.
Raspadskaya's net debt as of June 30 this year decreased by one percent as compared to June 30 last year to $470.780 million.