Stirol’s revenues drop 2.3x yoy in 2009

Stirol (UX: STIR UK) reported its 2009 financial results according to UAS this morning in a filing: revenues declined 2.3x yoy to UAH 1.9 bln. The company posted a gross loss of UAH 224.4 mln (vs. gross profit of UAH 1.3 bln in 2008) and a net loss of UAH 324.2 mln (vs. net income of UAH 591.1 mln in 2008).