JSC “Shakhtoupravleniye Obukhovskaya (Rostov oblast, a part of the Ukrainian DTEK) in 2018, reduced net profit by 7.1% compared with the figure of 2017, to 2.2 billion rubles.

According to system “SPARK-Interfax”, the company’s revenue grew by 21.3% to 13.7 billion rubles, while the increase in cost by 21.1%, to 6.7 billion rubles.

Profit from sales increased 28.9%, to 4.1 billion rubles, and profit before tax, in contrast, decreased by 5.6% to 2.8 billion rubles.

The decrease in net profit is due, in particular, with the increase in “other expenses” 3.4-fold (to 1.2 billion) while reducing the “other income” in 2.9 times (up to 132,3 million). Selling expenses increased by 12.4% (to 2.7 billion rubles), management – 10% (up to 208.9 m million).

Receivables business increased from 1.3 billion rubles on January 1, 2018 to 4.4 billion rubles on January 1, 2019, payable declined from 2.6 billion rubles to 2 billion rubles.

From the report it follows that in 2018, the company allocated for dividend payments 9.1 million, 11% more than in 2017.

Second, the company DTEK in the Rostov region, JSC “Donskoy anthracite” in 2018 received 709,3 million rubles of net profit according to RAS, against 453 million rubles of net profit in 2017.

Revenue rose 2% to 2.1 billion rubles, and the cost by 12.2%, to RUB 1.6 billion. In the result, gross profit decreased 21.7% to 475,4 million rubles, profit from sales – by 27.3%, to 313 million. The company received 844,2 million rubles loss before tax against 597,9 million rubles pre-tax profit in 2017.

“Other income” of the enterprise in the past year declined by 5.1 times, to 77.3 million rubles, while “other expenses” on the contrary, has increased 5.3 times to RUB 1.2 billion.

Receivables JSC was reduced from 2 billion rubles on January 1, 2018 to 1.6 billion rubles on January 1, 2019, payable with 624,4 million rubles up to 274.2 million roubles.

Of reporting should be that by the end of 2018 the company did not pay dividends.

“Don anthracite” in 2004 (in the “Spark” reflects bootselect from this period) was obtained a net profit of 4 times: in 2006 99.1 million rubles, 2011 – of 207.6 million rubles, 2016 – 1.1 billion rubles and in 2017 – 453 million rubles. The rest of the time the company was operating at a loss. The maximum net loss – 2 billion rubles was received in 2015.

In June 2012, DTEK bought OOO “Rostov anthracite” for $39 million 100% of shares of JSC “Shakhtoupravleniye Obukhovskaya, 100% of the shares of “don anthracite” and 66.7% of the shares of OOO “Sulinantratsit,” which then was merged with “the don anthracite”. Industrial coal reserves of these assets are estimated at 136 million tonnes.

– DTEK was established in 2005 to manage the energy assets of the SCM group of Ukrainian businessman Rinat Akhmetov. “DTEK” controls the group companies, components of a vertically integrated chain for the production and enrichment of coal, production and sale of electricity.

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