Ovostar Union reported 9-months results
2011-11-18 13:01:10
Key Financial Highlights for the nine months of 2011:
- The Group’s revenues increased 30% y-o-y to USD 34.7 mln.
- The Group’s gross margin improved to 43% compared to 31% in 9M2010.
- The Group’s EBITDA increased 69% y-o-y to USD 14.8 mln. EBIT grew to USD 13.5 mln
- The Group’s net profit increased 103% y-o-y to USD 13.3 mln.
Overall performance of the company is stable with potential for strong performance and higher growth.
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