Russian pig iron and coking coal producer Industrial Metallurgical Holding (KOKS Group) has announced has announced its financial results for the full year of 2015.
In 2015, IMH registered a net loss of RUB 3.36 billion ($51.7 million), compared to a net loss of RUB 7.7 million in the previous year. The company's sales revenue in the given period increased by 13.37 percent year on year to RUB 53.55 billion ($823.4 million), mainly due to increased sales of coal and coal concentrate in the domestic market, as well as increased sales of coke and coke products in both the domestic and export markets.
On the other hand, in 2015 IMH’s operating profit was RUB 8.02 billion ($123.3 million), down 0.8 percent year on year.
Meanwhile, in the given year, IMH’s EBITDA decreased by four percent to RUB 11.04 billion ($169.8 million) compared to 2014.