Turboatom 2006 Net Profits Up 11% yoy

Kharkiv-based industrial turbine maker, Turboatom (TATM) saw its net income grow by 11% yoy to USD 4.4 mln in 2006. The company’s net revenue was down by 4.5% yoy or USD 2 mln.  Inna Perepelytsya:  TATM’s net profits bounced back following a poor 2005. Despite the slight dip in the company’s revenue in 2006, we expect the company to see higher revenues in 2007 due to its huge long-term contracts with Ukrhydroenergo and for the modernization of more than 20 turbines at a Russian nuclear power plant.