Sukha Balka Net Revenue Grows 24.5% yoy in 2007
6 May 2008
Sukha Balka (SUBA: SELL) reported a 24.5% yoy increase in sales to USD 92.6 mln in 2007. The company’s EBITDA amounted USD 24.3 mln (rose twofold yoy), net income grew almost threefold yoy to USD 14.8 mln. Andriy Gerus: Reported sales and EBITDA are 2.5% and 20.1% below our expectation of USD 95.0 mln and USD 30.4 mln respectively. We reiterate our SELL recommendation.
