Kryukiv Wagon Net Profit, Income Drop in 2006

Kryukiv Wagon (KVBZ), a Ukrainian producer of passenger and freight wagons, finished 2006 with a net profit of USD 18.3 bln (down 38.2% yoy) and income of USD 239.4 mln (down 19% yoy), according to Ukrainian News. Inna Perepelytsya: One of the reasons for this decrease was a delay in the approval of Ukrzaliznytsya’s budget, which was not accepted until May 2006 (Kryukiv has been Ukrzaliznytsya’s primary supplier of wagons).