Home
/
News
/

Sadovaya coal sales fall 33% yoy in 5M12

Sadovaya coal sales fall 33% yoy in 5M12

19 June 2012

Sadovaya Group (SGR PW) reported a 33% yoy decrease in coal sales to 339 kt in 5M12, following a 13% mom decrease in May to a low 68 kt. Sadovaya’s mining subsidiaries increased coal extraction 3% mom to 44 kt in May and 21% yoy in 5M12 to 189 kt, in line with preliminary data from the Ministry of Energy published early this month.

Roman Topolyuk: Sadovaya’s published production results imply the sales decline is attributed to a squeeze in the company’s third party coal trading amid weakness on the coal market. The company has been cutting its low-profit reprocessing of third party coal since the beginning of the year, while increasing its own coal mining. The closest short-term driver for the stock will be the launch of an enrichment facility, which Sadovaya expects to commission in test mode in July 2012.

Latest News

News

23

02/2022

Separatists may claim entire territories of two Ukrainian regions

Russia has recognized “all fundamental documents” of the self-proclaimed Donetsk and Luhansk People’s Republics (DNR...

News

23

02/2022

U.K. to provide USD 500 mln loan guarantee for Ukraine as IMF mission starts

The British government is going to provide up to USD 500 mln in loan guarantees...

News

23

02/2022

MinFin bond auction receipts jump to UAH 3.5 bln

Ukraine’s Finance Ministry raised UAH 3.3 bln and EUR 7.2 mln (the total equivalent of...