November 21, 2008

Sokolovska uhelna in 2007 posts record sales of CZK 9 billion

CTK reported that Sokolovska uhelna, the smallest of the three Czech brown coal mining companies in 2007 posted gross sales of more than CZK 9 billion, the highest level in the country's history.

Mr Miroslav Soural sales director of Sokolovska uhelna said that demand for brown coal increased last year and was higher than the mining capacity. There was a situation that was predicted by analysts some time ago.

Mr Soural said that Sokolovska uhelna's decision to focus on its own coal processing, not only on mining and sales, proved to be of key significance. Sokolovska uhelna has been taking advantage of the fact that it is the only brown coal mining company in the country to run its own power plants.

The share of power production in Sokolovska uhelna's sales is expected to rise from 50% in 2007 to 54% in 2008. Chemical product sales will also be reflected in the sales figure. On the other hand, mining output is expected to fall.