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Poltava GOK Increases Pellet Tonnage Sales By 6.7% yoy In 9M05.

Poltava GOK Increases Pellet Tonnage Sales By 6.7% yoy In 9M05.

11 October 2008

The company (PGOK: BUY) sold 5,812.1 ths mt of pellets for the period. In October, Poltava GOK is not required to make delivers to the domestic market, according to industry balance regulations.

 

ths mt                            9M05            9M04         Change

Ore mining                   17,861.6      16,253.7           9.9%

Concentrate Output        6,290.2       5,981.1            5.2%

Pellets Output                5,878.1       5,582.8            5.3%

Pellets Sales                  5,812.1       5,444.6            6.7%

 

Concorde Capital: The current 5.3% growth in pellet production is below our annual forecast of 10%. Nevertheless we remain optimistic that the annual numbers will be close to what we projected: according to management forecasts, annual pellet sales should increase 10.8% to 8.2 million tons, once the #4 Pellet Line resumes operations in the middle of 2005.

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