Motor Sich (MSICH: Buy) Posts 6.3% Lower Net Revenues In 2004
24 June 2008
The company’s net revenues totaled USD 204.4 mln and net income fell by 55% to USD 10.0 mln. The company’s exports decreased by 20.9% in 2004, and made up USD 94.3 mln. Concorde Capital: The company said the reason for the deterioration in financial results at the end of 2004 was due to political changes, which led to worsening relations between Ukraine and Russia, MSICH’s largest export market. Net income decreased from USD 3 mln in Q104 to USD 0.4 mln in Q105.
