OREANDA-NEWS. March 24, 2010. According to the recent press service release, Kharkov Machinebuilding Plant Svitlo Shakhtara <HMBZ UK N/R> has reduced its net income in 2009 by 19% to UAH 39.3mn as compared to the 2008 performance. HMBZ has also reduced its current liabilities by 41.2% to UAH 28.06mn and increased its long term liabilities for the total worth of UAH 0.193mn. As of the beginning of 2010, the Company’s accounts receivable had doubled to UAH160.46mn, while the total assets had increased by 5% to UAH 408.7mn.

Millennium Capital sees this news as undoubtedly positive for the Company as it has succeeded to save a positive Net Margin. Millennium Capital also supposes this share may be attractive for investment taking into consideration the fact that most of the blue chips currently traded at UX and PFTS have almost exhausted their upsides by now.