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Coal Energy ups top line 1.4x, bottom line 1.9x y-o-y in Jul-Sept 2011

Coal Energy ups top line 1.4x, bottom line 1.9x y-o-y in Jul-Sept 2011

23 November 2011

Coal Energy (CLE PW), a WSE newcomer, reported a 36% y-o-y increase in revenue to USD 39.7 mln in the first quarter of its 2012 financial year (July-September). The company increased exports in its sales structure to 49% in 1Q of FY2012 from 26% a year ago. EBITDA for the quarter improved 86% y-o-y to USD 16.0 mln, and net profit was up 89% y-o-y to USD 8.3 mln.

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