Volynoblenergo Reports Preliminary 2007 Results
22 February 2008
Volynoblenergo (VOEN: SELL) reported preliminary 2007 results: net revenues grew 25% to USD 61.1 mln (5% below our forecast), EBITDA rose 32% yoy to USD 4.3 mln (10% below our forecast; EBITDA margin of 7.0%), and its net income put on 2.5% to USD 0.6 mln.
