Azovmash: Output Increases
OREANDA NEWS. In 9M2007, Azovmash, which manages Mariupol Heavy Machinery Plant < MZVM UZ USD16.9 Accumulate > and Azovzahalmash < AZGM UZ USD8.56 NR >, increased its revenue by 33.3% to USD 600mn. The company increased the output of cargo railcars by 40% y/y. The revenue growth rate of Azovmash increased compared to 8M2007, when it was 25.5%.
Both AZGM and MZVM might outperform their growth plans as per the year's results, Millennium Capital, a financial services provider, experts project.
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