Consumer goods

Obolon, one of the top three breweries in Ukraine, is going to reconsider its strategic plans for 2009. According to Interfax, the company is going to finish the investments projects it commenced in 2008.

According to Ukrainian News, the Ministry of Ukraine has endorsed import quotas on raw cane sugar in the amount of 263 thsd mt for 2009 and 267 thsd mt for 2010. The Ministry amended article 1 of the law on tariff import quotas for raw cane sugar.

Slavutych [SLAV UZ, BUY] is going to increase its statutory fund by 15% to USD 201.2 mln.

On September 23, 2008 at their AGM, Slavutych [SLAV UZ, BUY] shareholders approved the results of an additional share issue.

Yesterday the Ukrproduct Group, an independent Ukrainian dairy producer, released its unaudited 1H08 financial results. According to this information, the company’s net revenue increased by 7.7% YoY to GBP 23.6 mln, EBITDA lost 18.6% YoY and amounted to GBP 2.02 mln, and net income fell by 26.8% YoY to reach GBP 1.02 mln.

Domestic feed wheat prices slipped further to reach USD 123.7 per mt this week, as reported by the publication “Delo”. Last week, feed wheat prices bounced between USD 134 and USD 144.3 per mt, which is 17-26% lower than the minimal price set by the government.

Slavutych [SLAV UZ, BUY] has introduced a new beer for distribution on the Moldovan market, which was formally launched on Tuesday in Kishinev.

The Government of Ukraine has drafted a bill for the Rada (parliament), according to which beer excise duty will be increased 58% to USD 0.1 per ltr in two stages.

Yesterday, on August 27, 2008, Kovelmoloko [KMOL UZ, BUY] held a successful AGM. KMOL’s shareholders positively voted on the main agenda of the AGM – a 15.2 times increase of the Statutory Fund.

According to an official press release, Slavutych [SLAV UZ, BUY] is going to increase its Statutory Fund by 14.8% to USD 202 mln through an additional share issue.