IchorCoal N.V. reported earnings results for six months ended June 2015. For the period, the company's revenue was 13% down to EUR 22.7 million on the prior year due largely to the 25% year-on-year drop in the export coal price and a fall in overall sales. Gross profit declined from EUR 8.2 million to EUR 3.5 million.

The negative trend in the results drivers was partially offset by a foreign exchange translation gain resulting from the appreciation of the rand/euro exchange rate. The net result was a drop in ebitda to EUR 3.1 million from EUR 4.6 million a year ago.