Stakhaniv Wagon net margin equals 14% in 1Q10

Stakhaniv Wagon (UX: SVGZ UK) posted a net margin of 14% in 1Q10, the company said in a press release yesterday. It also reported UAH 586.3 mln in revenue and UAH 79.2 mln in net income. Yegor Samusenko: The net margin of 14% reported in 1Q10 is so far the highest the company has ever earned. We are reviewing our forecasts for railcar producers upward based on stabilized demand in the CIS. We expect a positive reaction by the market to the news.