Hwange Colliery Company Limited Announces Audited Earnings and Operating Results for the Year Ended December 31, 2014
April 22, 2015 at 09:25 am EDT
Hwange Colliery Company Limited announced audited earnings and operating results for the year ended December 31, 2014. For the year, the company reported revenue was USD 72,031,451 against USD 71,540,667 a year ago. Operating loss before interest and tax was USD 51,540,220 against USD 40,375,715 a year ago. Loss before tax was USD 55,692,907 against USD 44,722,807 a year ago. Loss for the year was USD 37,193,061 against USD 31,614,027 a year ago. Attributable loss per diluted share was USD 0.20 against USD 0.17 a year ago. Headline loss per share - diluted was USD 0.19 against USD 0.17 a year ago. Net cash flows generated from operating activities was USD 14,218,761 against USD 28,459,785 a year ago. Acquisition of property, plant and equipment was USD 346,840 against USD 22,993,932 a year ago.
For the year, the company reported HPS coal was 996,200 metric tonnes against 924,659 metric tonnes a year ago. HCC/HIC coal was 439,909 metric tonnes against 393,408 metric tonnes a year ago. Coal fines was 242,802 metric tonnes against 201,610 metric tonnes a year ago. Total coal was 1,678,911 metric tonnes against 1,519,677 a year ago. Coke (Incl breeze) was 13,070 metric tonnes against 82,510 metric tonnes a year ago. Total operating results was 1,691,981 metric tonnes against 1,602,187 metric tonnes a year ago.