Bogdanka after Q3 2016 - yet another quarter of good results despite still difficult market situation
After the three quarters of 2016, the Lubelski Węgiel Bogdanka Group generated revenue of PLN 1.3 billion (at a similar level to the one achieved last year despite lower coal prices) and net profit of PLN 120.2 million (lower by over 9% compared to the previous year). In the period in question, EBIT amounted to PLN 154.6 million (a decrease of 11.4% y/y), while EBITDA totalled PLN 432.3 million (a decrease of 5.6%).
Integrated Report 2015 of the LW Bogdanka Group won the Main Award and the Award of the Minister of Economic Development in a Contest for Social Reports
LW BOGDANKA S.A., the most modern and productive hard coal mine in Poland, which is a part of the Enea Group, one of the leaders of the Polish power market, received the Main Award and the Award of the Minister of Economic Development in the 10th jubilee edition of the Contest for Social Reports organised by the Responsible Business Forum and Deloitte. The award was granted for the Integrated Report 2015 of the Lubelski Węgiel Bogdanka Group.
LW BOGDANKA S.A., the most modern and efficient hard coal mine in Poland, which is part of the Enea Group,one of the leaders of the Polish power market, has signed an annex to the agreement with ENGIE Energia Polska Spółka Akcyjna regarding supplies of thermal coal for the purposes of the ENGIE power plant in Połaniec.
Lubelski Węgiel Bogdanka Group has signed annexes to its long-term agreements with Enea Wytwarzanie Sp. z o.o. to increase the volumes of Bogdanka’s supplies to Enea Group, starting 2017.
The Capital Group of Lubelski Węgiel Bogdanka in H1 2016 generated sales revenue on the level of over PLN 848.9 mln and net profit in the amount of almost PLN 75 mln. It means that despite further drop in prices, both the revenue and net profit were kept on the level close to the same period of the previous year. EBIT result in the said period amounted to PLN 96.6 mln (drop by 4.7 per cent yoy) and EBITDA: PLN 277.4 mln (drop by 4.9 per cent).