30.10.2007, 18:12
MKS Net Income Rebounds in 9M07 to USD 2.9 Mln
OREANDA-NEWS. MKS (KVIN: BUY), Ukraine’s third largest electronics retailer, reported 9M07 net income of USD 2.9 mln vs. a net loss in 9M06 of USD 1.8 mln. During the period, sales rose to USD 108.9 mln (up 53.1% yoy). Net income growth has already exceeded Concorde Capital analysts' full-year forecast of USD 800 ths. 9M sales growth came out lower than the forecast of full year growth of 62%. "We think that the company may still meet our expectations for 2007 sales given that the 4th quarter historically brings in no less that 40-45% of annual revenues," the experts reckon.
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