Sokolovská Uhelná - Profitability

Energy & Utility | Czech Republic | March 12, 2014
Excel Sheet

Sokolovská uhelná is a Czech Republic-based brown coal mining company and independent power producer. The company operates two separate mines, namely, the Družba mine and the Jiří mine. The Company also generates around 3,500 GWh of electricity and 1,800 TJ of heat a year from the produced coal.

From its peak in 2007-2008 when the Company reached record sales of CZK 11.4 bil, the revenues have been falling to CZK 7.8 bil in 2012. The pressure on profitability is even bigger, though. Since 2008, Sokolovská's net profit dropped 60% to CZK 899 mil in 2012