Nikopol Ferroalloy's Net Income Up 4.2x in 2007
4 March 2008
According to company press release, Nikopol Ferroalloy (NFER: HOLD) increased its net income 4.2x yoy to USD 0.97 mln in 2007. Andriy Gerus: Reported net income missed our forecast of USD 20.2 mln by a wide margin. This yearend figure means that the company posted net losses of USD 16.1 mln in 4Q07. We attribute the losses to minimization in the company’s annual tax payments.
