Kryukiv Wagon reduces its net income 5.6x yoy in 2009
2 March 2010
Kryukiv Wagon (UX: KVBZ UK) decreased its net income 5.6x yoy in 2009 to UAH 71.5 mln, the company announced yesterday in the agenda for its AGM on April 23. The statement also indicated the company’s current liabilities as of yearend came to UAH 324.1 mln (up 25.7% yoy) while its receivables to UAH 524.3 mln (up 7.7% yoy). Yegor Samusenko: The figure implies 4% net margin in 2009, if we take into account our estimate of 2009 sales of USD 223 mln. The results are in line with our forecasts.
