Polish coal miner JSW returns to profit in first quarter
Poland’s JSW, the European Union’s biggest coking coal producer, reported on Wednesday it made a net profit of 864.53-million zlotys ($231.3-million) in the first quarter, thanks to a surge in coal prices and cost cutting. Analysts had expected JSW to report a net profit of 744-million zlotys, the company having made a net loss of 60-million zlotys in the same period last year.