Eurasia Drilling's GAAP profit up 44% in 2010

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Eurasia Drilling's GAAP profit up 44% in 2010 - consensus forecast

MOSCOW. April 19 (Interfax) - Oil servicing enterprise Eurasia Drilling Company's (EDC) US GAAP net profit for 2010, according to a consensus forecast of bank and investment analysis, came to $238 million, up 44% from the results for 2009.

Analysts at seven investment companies and banks surveyed by Interfax forecast the company's sales revenue at $1.79 billion for last, up 30%.

The average market forecast for the company's EBITDA comes to $430 million, an increase of 34% fro 2009.

EDC plans to publish its US GAAP results for 2010 on April 21.

Consensus forecast for EDC's US GAAP results for 2010 (in millions of $):

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$ mlns	2010
Company	Sales revenue	EBITDA	Net profit
RMG	1805	433	241
VTB Capital	1776	425	239
Troika Dialog	1789	431	234
Aton	1786	430	233
Deutsche Bank	1792	427	230
Citi	1788	432	228
JP Morgan	1801	432	220
Consensus	1790	430	238
2009	1382	320	165
Change (%)	29.5	34.4	43.7