SMASH plans to increase net sales in 2008 by 81% to USD 586 mln compared to USD 323mln for the FY2007, company CEO Viktor Choban announced at the an April 16 AGM.
The extraordinary 21x net income increase reported by Ukravto [AVTO, U/R] for the year-end of 2007 bred strong expectations of future dividends payout among the investors.
It has been announced during the recent AGM at Kryukivka Carriage Works [KVBZ, U/R] that was held on April 18th, 2008, that the company plans to achieve the level of 300 passenger cars produced annually within next 2 to 3 years.
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