Головна сторінка
/
Новини
/

MZVM Increases Net Revenues By 25% To USD 324.2 - Boosts Profitability In 9M05.

MZVM Increases Net Revenues By 25% To USD 324.2 - Boosts Profitability In 9M05.

8 December 2008

The company?s (MZVM: BUY) EBITDA margin increased from 1% in 9M05 to 4% (EBITDA increase by 234% to USD 12.7 mln), while its net margin grew from 0.04% to 1% (Net income increase by 3563% to USD 4.0 mln). Concorde Capital: MZVM?s potential to increase officially reported profitability is the main driver for our BUY recommendation. To some extent the increase in EBITDA and net margins is connected to the yoy decrease in steel prices. Nevertheless, we believe that most of the company?s profits are not disclosed due to transfer pricing. More transparency in financial reporting is expected in the mid-term which will push MZVM margins closer to 13% (EBITDA) and 18% (Net).

Останні новини

News

23

02/2022

Separatists may claim entire territories of two Ukrainian regions

Russia has recognized “all fundamental documents” of the self-proclaimed Donetsk and Luhansk People’s Republics (DNR...

News

23

02/2022

U.K. to provide USD 500 mln loan guarantee for Ukraine as IMF mission starts

The British government is going to provide up to USD 500 mln in loan guarantees...

News

23

02/2022

MinFin bond auction receipts jump to UAH 3.5 bln

Ukraine’s Finance Ministry raised UAH 3.3 bln and EUR 7.2 mln (the total equivalent of...