Sevastopolenergo (SMEN: HOLD) Announces Q105 Results
23 May 2008
The regional energy distribution company Sevastopolenergo posted revenues of USD 9.2 mn, and a net income of USD 0.92 mn in the first quarter of the year. Concorde Capital: SMEN is the smallest, and one of the best performing energy distribution companies. It was privatized in 2001, 95% of the company is owned by the VS Energy company, which is affiliated with Russian entrepreneur Alexander Babakov.
