Sharelink sees Muskita at EUR 1.40

Muskita Aluminium Industries Plc (MAI) announced that its Board will convene on 21 May to examine the 1Q 2007 results of the Group. In the same announcement the company indicated that its 1Q 2007 results will be materially improved compared to the profit after tax of EUR2.5 mln reported in 1Q 2006, due to higher revenue and containment in costs.

Sharelink Securities & Financial Services said in a research note dated May 4, 2007 that the improved profitability targets have already been included in their price model as Sharelink project 1Q 2007 revenue at EUR17.1m (1Q 2006: EUR15.2m), and profit after tax at EUR2.9 mln.

“For the full year we project revenue of EUR67.2 mln (2006A: EUR60.0m), and net profit of EUR10.5 mln (2006A: EUR9.5m). Our price target on the stock is retained at EUR1.40/share,” concluded Sharelink Securities & Financial Services.