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Kernel Group posts revenues of USD 203 mln in 1Q09

Kernel Group posts revenues of USD 203 mln in 1Q09

14 May 2009

Kernel Group (KER PW), in a presentation posted on its website today, presented its 1Q09 financial results: revenues of USD 203.4 mln (down 16.4% yoy), EBIT of USD 48.8 mln (up 66.7% yoy), and net income of USD 47.3 mln (up 141.1% yoy). In terms of revisions to FY2009 guidance, Kernel said it now expects to record revenues of USD 1.1 bln, EBITDA of USD 195 mln, and net income of USD 125 mln.

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