Zhytomyroblenergo posts UAH 385 mln net revenue in 1H09
22 July 2009
Zhytomyroblenergo (ZHEN) said yesterday in a company filing with the Ukrainian Securities and Exchange Commission that in 1H09 its net revenue was UAH 385.5 mln (up 16.1% yoy), gross income was UAH 53.1 mln (up 17.9% yoy), and net income was UAH 15.9 mln (up 29.7% yoy). Yegor Samusenko: Zhytomyroblenergo’s high 1H09 EBITDA of UAH 56.3 mln implies that it is on track to exceed our annual forecast of EBITDA of UAH 63.8 mln. Zhytomyroblenergo is one of the few companies whose investment program wasn’t decreased in 2009; in fact, it increased by 13%.
