Net income surged up 201.4%

Novosibirsk Tin Plant’s net income surged to Rb 4,407,000 (approximately $170,000) in Q1 2007, up 201.4% as compared to the same period of 2006. Novosibirsk Tin Plant reported a healthy 201.4% y-o-y improvement in net income, which rose to Rb 4,407,000 (around $170,000) in Q1 2007.

In Q107, average prices for the metal climbed almost 30% q-o-q on the London Metal Exchange.

In Antanta Capital’s analysts view, the encouraging environment on the world tin market — a result of a supply shortage triggered by reduced export deliveries from Indonesia — bodes well for a sharp improvement in Novosibirsk Tin Plant’s financials in 2007. According to experts estimates, the company’s revenue could jump 50% to $56 mn and EBITDA soar 2.5-fold to $15 mn.