MMK Group Announces Sales and Production Results for the Fourth Quarter and Full Year of 2018; Provides Sales Guidance for the First Quarter of 2019
For the year, the company's total sales of finished products totalled 11,664,000 tonnes, up 0.4% year-on-year. The company's sales of HVA products were 5,426,000 tonnes, up 2.9% year-on-year.
For the quarter, the company's coal concentrate production totalled 781,000 tonnes, down 3.4% quarter on quarter.
For the year, the company's coal concentrate production totalled 3,001,000 tonnes, up 10.1% year-on-year.
The company's management expects the sales of finished products in first quarter of 2019 to remain under pressure from weak seasonal demand amid low sales prices on global markets.