Raspadskaya Coal Company (Raspadskaya), one of the largest coking coal producers in Russia, has announced its consolidated IFRS (International Financial Reporting Standards) financial results for 2011.
Accordingly, Raspadskaya's net profit amounted to $136 million in 2011, against $244 million in 2010, while sales revenue increased by three percent year on year to $726 million. The company's adjusted EBITDA totaled $324 million in 2011, indicating a decrease of four percent year on year.