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Turboatom boosts sales 40% yoy in 9M08

Turboatom boosts sales 40% yoy in 9M08

28 October 2008

Yesterday, Turboatom’s (TATM) press center released the company’s 9M08 financial results: sales increased 40.2% yoy to USD 67.7 mln, while net income rose 2.2% yoy to USD 7.1 mln (net margin of 10.4% vs. 12.4% in 3Q07). Turboatom said that its production rose 17.5% yoy to USD 55.0 mln in real terms. The company said that in 2009, it plans to raise production 50% yoy. Turboatom said that it filled its order book for the next three years, with customers in Mexico, India, Kazakhstan, Georgia, Russia and Ukraine, but did not disclose the volume of its contracts.

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