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Ivano-Frankivskgaz net revenue increases 22.6% yoy in 1H08

Ivano-Frankivskgaz net revenue increases 22.6% yoy in 1H08

26 August 2008

Ivano-Frankivskgaz (FGAZ: N/R) announced its 1H08 financial results: the company’s sales grew 22.6% yoy to USD 47.2 mln; EBITDA improved from USD -1.2 mln in 1H07 to USD -0.2 mln in 1H08 (EBITDA margin of -0.4%) and its net loss reduced from USD 2.3 mln to USD 0.6 mln (net margin of 1.3%).

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