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Article: Sitronics narrows GAAP net loss to $12 mln in Q2 (Part 2).(Financial report)
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- September 9, 2008
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Sitronics narrows GAAP net loss to $12 mln in Q2 (Part 2)
MOSCOW. Sept 9 (Interfax) - Sitronics, the Russian microelectronics concern, narrowed its net loss in the second quarter of 2008 to $12 million under US GAAP, compared with a net loss of $51.9 million in the same quarter last year, the company said in a statement.
Revenue rose 45.2% to $481 million. OIBDA was $25.4 million compared with a negative OIBDA of $27.2 million a year earlier. The OIBDA margin was 5.3%.
Investment companies contacted by Interfax prior to publication of the results offered varying estimates of Sitronics' second quarter net loss. UniCredit forecast a net loss of ...