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Sevastopolenergo (SMEN: HOLD) Announces Q105 Results

Sevastopolenergo (SMEN: HOLD) Announces Q105 Results

23 May 2008

The regional energy distribution company Sevastopolenergo posted revenues of USD 9.2 mn, and a net income of USD 0.92 mn in the first quarter of the year. Concorde Capital: SMEN is the smallest, and one of the best performing energy distribution companies. It was privatized in 2001, 95% of the company is owned by the VS Energy company, which is affiliated with Russian entrepreneur Alexander Babakov.

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