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Donetskoblgaz Financials Improve.

Donetskoblgaz Financials Improve.

25 July 2008

The gas distribution company Donetskoblgaz (DOGZ: BUY) announced a positive net income, first time in the last two years. The company’s key bottom line driver was an increase of gas transportation tariffs and profit from its non-core business.

Sales, USD mln         EBITDA, USD mln              Net Income, USD mln

1H07   YoY              1H07     YoY    margin     1H07        YoY     margin

58.8     64%           2.06      4.69     4%         0.20       -3.90       0%

 

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