OREANDA-NEWS. February 24, 2011. According to the preliminary data, Stakhaniv Railcar, a major producer of freight railcars in Ukraine, earned a profit of UAH 261mn in FY10, the company reported Feb 23.

Millennium Capital considers the news as POSITIVE for SVGZ. The company boosts its net profit in 2010 finishing in black compared to a loss of UAH 56mn in 2009. Moreover, the plant improved notably its net profit in 4Q10 after the decline over the previous three quarters. Net profit topped UAH 107mn implying 8x qoq and 4x yoy growth. We look forward to full financial results to identify the major drivers of this strong earnings momentum in 4Q10.