Zakhidenergo Improves EBITDA By 61% yoy

Zakhidenergo’s (ZAEN: HOLD) shareholders approved the company’s 2006 financial results at their AGM yesterday: EBITDA of USD 43 mln (+61% yoy), net revenue of USD 617 mln (+26.8% yoy), and net income of USD 4.5 mln (+3.7% yoy). ZAEN’s shareholders also voted for a dividend payout of USD 0.7 mln, or 15% of net income (DPS of USD 0.055 and dividend yield of 0.06%). The ex-rights date is April 24, 2007.