Luhanskteplovoz’ revenues grow by 215% in 1H11

Luhanskteplovoz (UX: LTPL UK, BUY) increased its revenues by 215% y-o-y to UAH 659 mln in 1H11, accordingly to company data. EBITDA reached UAH 53 mln (vs. negative UAH 17 mln in 1H10) and net income was UAH 0.4 mln (vs. a net loss of UAH 27 mln in 1H10).

Luhanskteplovoz key financials in 1H11, UAH mln
                  1H11 1H10   yoy 3M11   qoq
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Revenues     659  209  215%  430  -47%
EBITDA        53   -17    n/m    11    295%
Net Income   0.4  -27    n/m  -22     n/m
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Source: Company Data