Dniprospetsstal Increases Net Income 76% in 2007
22 February 2008
According to Interfax, Dniprospetsstal (DNSS: HOLD) boosted its net income by 76% yoy to USD 68.2 mln, and sales by 47% yoy to USD 742.5 mln in 2007. Eugene Cherviachenko: The reported net income is 21% below our forecast of USD 86.7 mln, while sales are 7% above our estimation of USD 693.9 mln. We maintain our HOLD recommendation.
