Dniproenergo Announces 4Q07 Results
18 January 2008
According to Ukrainian News, generation company Dniproenergo (DNEN: HOLD) reported USD 263 mln in net revenue and USD 3.24 mln in net income for the fourth quarter of 2007. Alexander Paraschiy: This implies the company’s preliminary full year 2007 sales are USD 758 mln (+38% yoy, 5% above our forecasts) and net income is close to USD 17.2 mln, (7x increase yoy, and 10% below our forecasts). We consider the news neutral for the stock.
