In 2016, Suek increased its net profit under IAS 1.5 times to $ 303 million, the company reported today. It’s noted that in 2015, the net profit of the company was $200 million.
The company’s revenues, on the contrary, declined by 3.15% to $4.002 billion against $4.132 billion in 2015. The EBITDA made up $965 million compared to $887 million in 2015.
The SUEK’s capital expenditures increased by 38.6% to $492 million compared to $355 million in 2015.
Siberian Coal Energy Company (SUEK) is engaged in coal mining and provides 28% of the Russian market. The company's share in the export of Russian coal is 27%, of world exports - 5%. The main directions of the international sales are China, South Korea, the Netherlands, Japan, Germany, Taiwan. The majority shareholder is Andrey Melnichenko, who owns 92.2% of the shares.