Sadovaya Group Reports USD 20.4 mln in Revenue in 1Q11
OREANDA-NEWS. May 18, 2011. Sadovaya Group (WSE: SGR PW), a coal mining company operating in
Concorde Capital: despite notional top line growth in 1Q11 which is primarily due to a low base, the company’s prospects are dependent on its ability to launch a coal waste reclamation business. The company said it expects the unit to become operational in 2H11, but we expect a start either in late 2011 or in the first half of 2012.
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