Kryukiv Wagon Gears Up for Placement?

At the company’s AGM on Friday, Kryukiv Wagon’s (KVBZ: HOLD) Chairman of the Board Evgeniy Khvorost said that Deloitte is preparing IFRS audited financials and Ernst & Young is working on a valuation of the company, two steps we relate to preparations for an upcoming placement. During the meeting, shareholders approved a 6% dividend payout of USD 2.3 mln (DPS of USD 0.00002, yield of 0.0003%) and confirmed the company’s 2007 financial results: sales of USD 394.4 mln (+77% yoy) and net income of USD 39.6 mln (+120% yoy) – information that has been known to the market since February.