Revenue grew 51.7% in the reporting period, year-on-year, to $575.3 million, earnings before interest, taxes, depreciation and amortization (EBITDA) totaled $52 million, and the company's net debt stood at $193.5 million at the end of the reporting period, the engineering giant said.
The company's performance in the first six months of the year "is evidence of higher general efficiency of business, and measures aimed at improving the company's financial condition," the statement said.
In 2007, Power Machines posted an IFRS loss of $304 million, with revenue of $770 million.
Power Machines is Russia's largest producer and supplier of equipment for hydroelectric, thermal, gas and nuclear power plants, and electricity transmission and distribution.
