SMASH Increases Sales
OREANDA-NEWS. March 2, 2010. According to the recent Sumy NVO Frunze press service release, the Company has finished 2009 with a UAH 403.254mn profit. SMASH sales increased by 25.8% to UAH 3.095bln. The Company's assets were estimated at UAH 3,710.597mn as of late 2009, long-term liabilities at UAH 680.064mn, and current liabilities at UAH 1,931.71mn. Accounts receivable in 2009 constituted UAH 2,011.072mn.
Millennium Capital: this news is strongly positive for SMASH. As Millennium Capital has written before, a stable demand from the Russian Gazprom was the key factor accounting for the successful performance of the Company as one of the rare success stories in the crisis 2009 environment.
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