Vladimír Urbánek (Kurzy.cz)
Czech markets  |  June 01, 2011 09:55:26

NWR: OKK Koksovny coke sales fell by a third, yet earned more


Leading European producer of coke and coke plant in Ostrava, OKK, decreased production in the first quarter of the fifth. Coke sales company that specializes in mass production as the only one in the CR fell by one third. The parent company had yet NWR revenue from coke production by almost 200 million crowns higher total of 1.721 billion crowns. This was due to higher sales prices of coke and lower costs. Operating profit increased by 122 percent, from 50 million to 111 million. It results from the parent company information NWR.
OKK Koksovny produced from January to April 202,000 tons of coke, which was 49,000 fewer than in the same period last year. Sales fell even more significantly, from 279,000 tons to 180,000 tons.
Production decreased due to the closing Šverma coke at the end of last year.

Full article can be found on the server BH Securities, namelyHERE

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