BBA: In 2010 And After, The Financial Results Of Tatneft (TATN) Are Expected To Be Significantly Up
•The Company’s consolidated revenues in 2009 were 12000 million USD as compared to 17873 million USD in 2008. The consolidated net income attributable to Group shareholders for 2009 was 1714 million USD as compared to 338 million USD in 2008. Improved margin was a result of clever cost management.
•Total consolidated assets of the Company increased from 13376 million USD as of December 31, 2008, to 16394 million USD as of December 31, 2009. Total consolidated liabilities of the Company increased from 4361 million USD as of December 31, 2008, to 6026 million USD as of December 31, 2009.
• BBA considers growth in Tatnefts assets to be a positive sign of long-term growth possibilities. The decreased revenues are in our opinion more like an exception. In 2010 and after, the financial results are expected to be significantly up compared to 2009.
You can find target price, BBA Investment Rating, our comment and more in following report:
Tatneft (TATN), TATN Analyst Update and Comment, Target Price 05/04/10
•The Company’s consolidated revenues in 2009 were 12000 million USD as compared to 17873 million USD in 2008. The consolidated net income attributable to Group shareholders for 2009 was 1714 million USD as compared to 338 million USD in 2008. Improved margin was a result of clever cost management.
•Total consolidated assets of the Company increased from 13376 million USD as of December 31, 2008, to 16394 million USD as of December 31, 2009. Total consolidated liabilities of the Company increased from 4361 million USD as of December 31, 2008, to 6026 million USD as of December 31, 2009.
• BBA considers growth in Tatnefts assets to be a positive sign of long-term growth possibilities. The decreased revenues are in our opinion more like an exception. In 2010 and after, the financial results are expected to be significantly up compared to 2009.
You can find target price, BBA Investment Rating, our comment and more in following report:
Tatneft (TATN), TATN Analyst Update and Comment, Target Price 05/04/10
