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Avdiivka Coke expects net loss of up to UAH 1.2 bln in 2011

Avdiivka Coke expects net loss of up to UAH 1.2 bln in 2011

27 April 2011

Avdiivka Coke (UX: AVDK UK) expects a net loss of up to UAH 1.2 bln, according to filings published by the company yesterday. Avdiivka Coke said it plans to increase coke output in 2011 by 29.5% y-o-y to 4.643 mln mt. Andriy Gerus: We do not place any confidence in the company’s guidance, as they are drawn up to fulfill technical legal requirements. In 2010, the company forecasted a loss of UAH 800 mln, but in fact posted a net loss of only UAH 20.5 mln.

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