Turboatom’s Earnings Up 1.6x yoy in 2007
12 February 2008
Turboatom (TATM: BUY) increased its net income in 2007 by 1.6x yoy to USD 6.9 mln (net margin of 10.4% vs. 8.4% in 2006), according to Interfax. The company’s sales surged 27.2% yoy to USD 66.2 mln. Inna Perepelytsya: The company posted 23% less sales than we forecasted (USD 87.0 mln). We believe the difference of USD 21 mln will show up in forthcoming quarters.
