Motor Sich Increases Net Profit
OREANDA-NEWS. February 05, 2010. Motor Sich (UX: MSICH
Concorde Capital: Net income of UAH 755 mln implies a 22% net margin for 2009, given our sales estimation of UAH 3,380 mln. Motor Sich’s profitability is line with 9M09 results (21% net margin) and is higher than we expected. We expect a positive reaction by the market to the news.
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