Pivdenny Iron Ore Reports Net Income of USD 119.6 mln in 2007

23 April 2008

Pivdenny Iron Ore (PGZK: HOLD) reported net income of USD 119.6 mln in 2007. Eugene Cherviachenko: The net income is in line with our expectations (USD 115 mln). We reiterate our recommendation HOLD on the stock.

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