Metals and Mining
April 26, 2011
MMK Illicha: ‘Under Review’ on Big 1Q11 Net Loss - We put our target price and recommendation on MMK Illicha stock under review. This decision was triggered by an unexpectedly poor bottom line of the company in 1Q11. The steel maker reported net loss of UAH 490mn (USD 62mn) for 1Q11, or 11 times higher compared to the net loss reported in 1Q10.
