Raspadskaya coal co could post $254 mln H1 EBITDA
MOSCOW. Sept 16 (Interfax) - Russian coking coal producer Raspadskaya could quadruple earnings before taxes, depreciation and amortization (EBITDA) to International Financial Reporting Standards (IFRS) to $254 million in H1 2010 compared with the same period of last year, analysts told Interfax in a consensus forecast.
This would be 32% higher than for H2 2009.
The analysts forecast net profit before one-off items due to the difficulty estimating the extent of the charges connected with the mine accident in May this year. They said profit before one-off charges might have risen 29% compared with H2 2009 to $165 million. Raspadskaya posted net losses of $11 million in H1 2009.
Sales revenue could have risen almost three-fold compared with H1 2010 to $428 million, and 22.6% compared with H2 2009.
Consensus forecast for Raspadskaya, $ mln:
|Analysts||Sales revenue||EBITDA||Net profit*|
|Bank of Moscow||436||264||182|
|H1 2010/H2 2009||+22,6%||+32,0%||+29,2%|
|H1 2010/H1 2009||+190%||+300%||-|
*) Not including one-off charges
**) Including one-off charges, not included in consensus
It is expected that Raspadskaya will unveil the earnings report on St Petersburg 17. A conference call is scheduled for 5.00 p.m. Moscow time that day.