Chemiсals and pharmaceuticals

Nord Star Pharmashare [4SI1 GR], the majority shareholder of the leading Ukrainian pharmaceutical company ‘Darnytsia’, introduced good figures in relation to its 2009 performance and plans for next year at a meeting with equity analysts. Notably, the Company’s net sales grew by 37% YoY to UAH 576 mln.

In October 2009, ammonia production in Ukraine reached 291 thsd mt, representing a 69.5% drop YoY, according to Ukrainian News. Notably, Ukrainian ammonia production in September 2009 was 266 thsd mt, a 66% drop YoY in production.

According to information from Kyivmedpreparat [KMED UZ, U/R], a top 5 domestic producer of medical products, the company boosted net sales by 34.5% YoY to UAH 167.8 mln; net income decreased by 38.1%YoY to UAH 3.26 mln in 1H09.

The auction for 99.5% of Odesa Portside Plant has been officially announced to take place on September 29, 2009. The initial price will be set at UAH 4 bln (USD 520 mln), and the auction step will amount to UAH 50 mln (USD 6.5 mln).

According to the State Statistics Committee of Ukraine, imports of pharmaceutical products decreased by 10.4% YoY to USD 177.8 mln.in April. In the first four months, imports dropped by 16.9% YoY to USD 577.9 mln. Howerver in April imports increased by 1.8% compared with March.

Darnytsa [4SI1,GR] the leading Ukrainian pharmaceutical producer, increased 2008 net profit by 81% YoY up to UAH 37.8mln. Net Sales increased by 11.4% up to UAH 413.3 mln. Gross Sales increased by 32,8% to UAH 155.8 mln.

Ukraine’s Cabinet of Ministers has established a cap on trade markups, setting the maximum that may be charged on wholesale prices at 12% and 25% of retail prices for both medicine and other medical goods.

The Arterium Corporation, which unites the Lviv-based Halychfarm company and the Kyiv-based Kyivmedpreparat, has announced that it will meet GMP requirements by 2011..

According to an April 02 official regulatory filing, Perekop Bromine [BROM UZ, N/R] has gone into reorganization in relation to bankruptcy court proceedings. The reorganization will last 12 month starting from March 26, 2009.