Turboatom Net Income Increases 44% in 1Q07

Turboatom (TATM), the industrial turbine producer, reported net income of USD 1.3 mln (+44.4% yoy) and sales of USD 13 mln (+8.8% yoy) in 1Q07. Inna Perepelytsya: As we expected, the company is starting to benefit from new domestic and international contracts with improved financial results in 1Q07. We forecast this trend to continue in the mid-term.