Sales revenues after 9 months of 2012 amounted to PLN 919.7 million and were by 3.4% lower than in the corresponding period of the previous year. EBITDA amounted to PLN 2 132.7 million (compared to PLN 2 182.6 million after 9 months of 2011). The company has achieved in the time PLN 1 027,8 net profit (compared to PLN 1,107.4 million after 9 months of 2011).
Coal production in Q3 surged upward by 3.7% compared to Q2 of 2012. Slightly lower - of 1.6%, was coke production compared to Q2.
Q3 results, although stil at good level, has clearly shown the receding situation on the coal and coke markets. The economic slowdown in the world affects the market of steel, coke and coal. Capacity utilization rate of crude steel in September was 77.7%, and was 3.4 points. percent. less than three months earlier - says Jarosław Zagórowski, President of JSW SA And he adds - coke prices on the European market in the period January - September 2012 fell by more than 17%. With the intensification of commercial activities we were able to compensate for falling prices by increasing sales volume.
In Q3 sales volume of coal and coke to external customers increased. The volume of coal sales amounted to 2 041.2 million tons, an increase of 9.5% compared to sales in Q2, when the consignees bought 1 864.7 million tons. Coke sales volumes in Q3 increased by 1.9%. 1 021, 2 million tons of coke was sold to external customers , compared to 1 002,2 million tons in Q2 .
In Q3 the Company reduced the stocks of coke and coal inventory levels have stabilized. Clearly in Q2 cash cost of production has been reduced, both for coal and coke. Investments expenditures went up by 15.7%. Their value in Q3 was PLN 472, 9 million , while in Q2 it was PLN 408, 6 million .