FINANCIAL FORECAST - DETAILS:
On 30 September 2010, Lubelski Węgiel Bogdanka S.A. published a report concerning financial forecast of the Lubelski Wegiel Bogdanka S.A. Group for 2010. Lubelski Węgiel BOGDANKA S.A., a leader of the Polish market for power coal producers and one of the largest and most advanced hard coal mines in Poland, forecasts that in 2010 the Group shall achieve much better results than previously expected.
The LW BOGDANKA Group predicts revenue on sales at a level of PLN 1,228 million (9.8% more as compared to the previous year), operating profit in the amount of PLN 242 million (6.7% more as compared to the previous year) and net profit in the amount of PLN 201 million (5.3% more than in 2009). The Company plans net commercial coal extraction at the level of nearly 9% higher than that in the previous year. The predicted results will be record-breaking in the LW BOGDANKA Group’s history.
Basic financial information of the LW BOGDANKA Group:
LW BOGDANKA periodic financial reports are available on the Company’s website (www.lw.com.pl) in the corporate section, under the Investor relations/Reports/Financial reports.
All periodic reports and Directors Report On The Operations Of LW Bogdanka Capital Group for previous years shall be available on the Company’s website (www.lw.com.pl) in the BIP section (only polish version).
On 30 September 2010, Lubelski Węgiel Bogdanka S.A. published a report concerning financial forecast of the Lubelski Wegiel Bogdanka S.A. Group for 2010. Lubelski Węgiel BOGDANKA S.A., a leader of the Polish market for power coal producers and one of the largest and most advanced hard coal mines in Poland, forecasts that in 2010 the Group shall achieve much better results than previously expected.
The LW BOGDANKA Group predicts revenue on sales at a level of PLN 1,228 million (9.8% more as compared to the previous year), operating profit in the amount of PLN 242 million (6.7% more as compared to the previous year) and net profit in the amount of PLN 201 million (5.3% more than in 2009). The Company plans net commercial coal extraction at the level of nearly 9% higher than that in the previous year. The predicted results will be record-breaking in the LW BOGDANKA Group’s history.
| Item (in PLN '000) | Updated forecasts 2010 | Forecast 2010 | Change [%] |
| Sales revenue | 1,237,000 | 1,228,000 | 100,7 |
| EBITDA | 410,000 | 391,000 | 111,4 |
| Operating profit | 270,000 | 242,000 | 119,1 |
| Net profit | 224,000 | 201,000 | 117,4 |
Basic financial information of the LW BOGDANKA Group:
| Item (in PLN '000) | 1-3Q 2011 | 1-3Q 2010 | Change (2011/2010) % |
| Sales revenue | 865 761 | 934 224 | -7.33 |
| Gross profit | 182 880 | 317 232 | -42.35 |
| EBITDA | 220 662 | 337 458 | -34.61 |
| EBIT (Operating profit) | 101 691 | 233 140 | -56.38 |
| Pre-tax profit | 109 099 | 241 865 | -54.89 |
| Net profit for the financial year | 88 043 | 192 980 | -54.38 |
LW BOGDANKA periodic financial reports are available on the Company’s website (www.lw.com.pl) in the corporate section, under the Investor relations/Reports/Financial reports.
All periodic reports and Directors Report On The Operations Of LW Bogdanka Capital Group for previous years shall be available on the Company’s website (www.lw.com.pl) in the BIP section (only polish version).
