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Kominmet Posts Net Loss of USD 1.9 mln in 2007

Kominmet Posts Net Loss of USD 1.9 mln in 2007

25 February 2008

According to Interfax, Kominmet (DMZK: HOLD) posted net loss of USD 1.9 mln in 2007 reducing it 14.3% yoy. Eugene Cherviachenko: Reported net income was much less than our forecast of USD 4.6 mln, which we attribute to tax optimization and transfer pricing.

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