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The Warsaw Voice » Business » March 7, 2018
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Poland's hard coal mining nets over PLN 3.6 billion in 2017
March 7, 2018   
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Poland's hard coal mining sector reported over PLN 3.6 billion in net profits in 2017 vs. a minor PLN 3.6 million net loss in 2016, according to the data from industry development agency ARP.
Over PLN 2.6 billion of the sector's 2017 net profits is attributed to the sales of coal, ARP said, while adding that Polish coal miners earned on average ca. PLN 40 on each ton of coal sold.
Poland's coal miners increased their coal sales revenues by over 14% year on year in 2017, to over PLN 20.5 billion, according to the data. This comes on the back of the global increase in coal prices and in spite of the decline in the domestic output and sales volumes.
The sector saw its EBITDA rise to PLN 6.67 billion in 2017 vs. less than PLN 2.9 billion in 2016, ARP said.
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