Azovstal Sales Up 31% yoy in 2007
24 April 2008
According to Azovstal (AZST: BUY), its net revenue totaled USD 3.2 bln (+30.8% yoy) in 2007, while its bottom line surged 92.4% yoy to USD 420.3 mln. Eugene Cherviachenko: The reported numbers are in line with our previous forecasts for 2007 (top line of USD 3.1 bln; bottom line of USD 420.3 mln). We reiterate BUY recommendation.
