MKS' Sales Up 24% yoy In 2006
17 January 2008
MKS, the flagship company for EKVIN (KVIN: BUY), Ukraine’s third largest electronics retailer, saw its sales increase by 24% yoy in 2006 to USD 138.6 mln. According to MKS Chairman Oleg Mashkov, the company plans to increase sales by 57% yoy in 2007 to USD 218 mln. MKS plans to increase their retail network by roughly 80% this year. EKVIN recently completed a private placement of a 20% stake for 14 mln and is eyeing an IPO in 2010.
