Coal Energy S.A. announced unaudited consolidated earnings results and production results for the first quarter ended September 30, 2017. For the quarter, the company reported revenue of USD 2,110,000 compared to USD 5,089,000 a year ago. Operating loss was USD 406,000 compared to operating profit of USD 562,000 a year ago. Loss before tax was USD 3,511,000 compared to USD 3,390,000 a year ago. Loss for the period attributable to equity holders of the parent was USD 3,358,000 or USD 7.46 basic per share compared to USD 3,297,000 or USD 7.33 basic per share a year ago. Net cash used in operating activity was USD 3,000 compared to USD 9,000 a year ago. EBITDA was USD 0.3 million against USD 1.4 million a year ago. Net cash flow used in operating activity was USD 3,000 against USD 9,000 a year ago. Purchase of property, plant and equipment and intangible assets were USD 5,000 against USD 24,000 a year ago.

For the quarter, the company reported total production of 30,700 tonnes against 106,300 tonnes a year ago. Thermal Coal production was 4,400 tonnes against 66,600 tonnes a year ago. Coking and dual-purpose coal was 26,300 tonnes against 39,700 tonnes a year ago.