02
Apr
12:30
Elgaugol increases revenue but profit falls in 2023
Elgaugol, the main mining asset of the ELGA coal company, part of Russia’s A-Property, increased revenue in 2023 by 9.9% on-year to RUB 178.95 billion ($1.93 billion), Kallanish notes.
However, net profit decreased 22% to RUB 37.7 billion. Profit before tax dropped 16.5% to RUB 43 billion.
Elgaugol increased coal production last year to 26 million tonnes of coking coal compared to 20mt in 2022. This year, it plans to launch four more plants, which will rais…
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Anonymous
Very good overview of the weekly steel market.
Anonymous