Dniprovahonmash Reports Net Income of USD 20.2 mln in 2007
26 March 2008
According to Dniprovahonmash (DNVM: BUY), its net income was USD 20.2 mln in 2007, versus USD 2.7 mln in 2006. Output rose 25% yoy over last year to 3,300 railcars. Inna Perepelytsya: Net income was 5% higher than we expected (USD 19.4 mln), while the number of wagons produced is 6% lower than our forecast (3,500). We are waiting for full financials and remain positive on the stock, while cautioning about its low liquidity (USD 1.5 mln free float).
