Profits Suffers Despite Good Sales In Ukraine

The LuAZ car manufacturing unit of Ukrainian automotive manufacturer Bogdan Corporation increased its net sales income by almost 93.5% year-on-year (y-o-y) to UAH7.994bn in 2008. However, Oleh Svynarchuk, president of Bogdan, revealed that despite the impressive sales growth, the company's profits were offset by unfavourable exchange

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