Dniprooblenergo Announces 2005 Results.
30 March 2008
Dniprooblenergo (DNON: HOLD) reported USD 841 mln in net revenue (+13% yoy) and USD 1.7 mln in net losses (compared to the USD 16 mln in net losses in 2004). In 2006 the company plans to reach USD 2 mln in net income. Concorde Capital: The company improved its performance in 2005, while its results lag behind the average performance of the distribution sector. Solving the company’s debt problem (which started a few days ago, refer to yesterday’s news) will allow the company improve its financial results in 2006.
