May 08, 2008. /Lesprom.com/. Kazakhstan Kagazy PLC announced its summary preliminary financial results for the twelve months ended December 31, 2007. Kagazy generated a 42% year on year revenue growth to $ 78.7 (55.6) million for the full year 2007, following the strong growth in the paper business division. Total company assets increased by 89.8% year on year to $ 631.1 million at the end of the year, compared to $ 332.7 million at the end of 2006. Kagazy’s EBITDA more than doubled year on year to $ 18.0 million in 2007 from $ 8.6 million for the corresponding period in 2006. The Company’s EBITDA margin expanded from 15.5% in 2006 to 22.9% in 2007. Operating profit more than doubled year on year to $ 15.0 million in 2007 from $ 6.9 million in 2006 with an operating profit margin expanding to 19.1% from 15.5% in 2006. Kagazy therefore reported net profit of $ 14.0 million in 2007, compared to net income of $ 2.3 million for the same period in 2006. Yuriy Bogday, CEO of Kazakhstan Kagazy PLC, commented: “Our full year 2007 results show robust growth in paper revenues. We plan to capitalize on our leading position in paper and packaging sectors in Central Asia and continue driving volume increases and efficiency improvements in our paper business to meet the strong forecasted demand in the market. Following the end of the reporting period, we have completed the acquisition of Astana Contract, the largest warehouse operator in Kazakhstan. We see continued demand for high quality warehouse space in Kazakhstan. We plan to further develop our industrial real estate operations in Almaty and Astana in 2008.”