Stirol revenues up 59.6% yoy in 2008

Stirol (STIR), Ukraine’s largest producer of nitrogen fertilizers, last Thursday reported unconsolidated financial results based on Ukrainian Accounting Standards. The company’s net revenues rose 59.6% yoy to UAH 4.29 bln, gross income by 2.3 times yoy to UAH 1.27 bln, and net income by 2.7 times yoy in 2008 to UAH 591.1 mln.