Razdadskaya graduated from 2012 with a profitability of 26%

Disordadskaya OJSC, which is part of the vertically integrated metallurgical and mining, the Evraz group announced the results of its activity last year.

According to the report, in 2012, a coal mining company received $ 31 million with total profitability of 26%. At the same time, revenue, compared with 2011, fell by 25% and amounted to $ 542 million.

Meanwhile, the production of coal at Gorpadskaya increased in 2012 by 12% to 7 million tons, and the profit to tax decreased by 56% to $ 141 million.

The general director of the Department of General Gennady Kozova explained such a contradictory indicators as follows: “In 2012, we were able to increase production potential, at the same time, reporting financial indicators were determined not by production capabilities, but by the situation in the market for demand for demand for ferrous metallurgy products and overproduction in global coal markets. Currently, Gorpadskaya continues to strengthen its competitive positions through the formation of a package of commercial contracts in the markets of Southeast Asia using the international pricing system. ”

As you know, last year, the largest coal mining company Evraz Group made large volumes of payments to its shareholders as part of the redemption of their own shares in 2012, which in turn caused an increase in the pure debt of Department to $ 433.