LTPL’s monthly output reaches record high in June; POSITIVE
According to company management, Luganskteplovoz’s monthly output jumped 33% m-o-m in June to UAH 133 mln ($27.4 mln), an increase of 300% in annual terms. Management also confirmed that output volumes will continue to increase for the duration of the year, with annual sales expected to exceed $300 mln. In June, LTPL produced eight 2TE116U diesel locomotive sections, two 2EL5 electric locomotive sections, and one TEP 150 passenger train locomotive.
LTPL monthly output volumes, $ mln
Source: Company data
Denis Shauruk Analyst (+380 44) 490-1721
