Landkom expects positive cash flow in 2010

Landkom International (LSE: LKI LN) CEO Vitaly Skotsyk said yesterday at an agricultural conference in Kyiv that he expects the company to break even financially and have positive cash flow in 2010, according to Interfax. Skotsyk noted that he expects Landkom’s harvested area to increase 36% yoy this year and spring harvest area by 80% to 18 ths ha. Skotsyk said the company recently reduced costs by 35% via restructuring and changed over much of the management team.