Zaporizhtransformator boosts sales 60% yoy in 2008

Zaporizhtransformator (ZATR) announced its 2008 financial results yesterday: sales of UAH 3.3 bln, up 60% yoy; and net income of UAH 528 mln, up 22.8% yoy. Shareholders approved the company’s financial results at their AGM yesterday; they will consider the issue of making a dividend payment at an EGM to be held at a later date.