Daily monitor

According to the preliminary data, Avdiivka Coke has received a net loss of USD 2.7 mln in 2010.

Mariupol ISW, the member of Metinvest Group, according to preliminary data, ended 2010 with a net loss of UAH 418.9 mln, increasing the net loss by 63.7% compared with the previous year.

According to company data, Valeriy Korotkov, the second biggest shareholder, sold 6% of his stake (1.5 mln shares) in Astarta [AST PW, U/R] on Tuesday, February 11.

Azovstal metallurgical plant, which is a member of Metinvest Group, ended up 2010 with a net loss of USD 22.46 mln, comparing with a net loss of USD 26.6 mln in 2009. Company’s retained earnings amounted to USD 0.99 bln by the end of 2010, subject to the agenda of the annual shareholders meeting scheduled on April 22.

Poltava mining and processing combine, which is the main asset of Ferrexpo plc (UK), has increased its net profit by 4.2 times in 2010 YoY – up to USD 92 mln. Company’s retained earnings by the end of 2010, which is to be the subject of the agenda of the annual shareholders meeting scheduled on April 22, has amounted of USD 203.3 mln.

Five out of eight largest metallurgical iron and steel mills of Ukraine have increased the total production output by 5.9% in the first 2 months of 2011 compared with the same period of 2010. Thus, the 3rd largest plant Azovstal [AZST UK] has raised the total output by 4.4%, while Alchevsk Steel [ALMK UK] and MMK Illicha [MMKI UK] increased their output by 25% and 23.8% respectively. At the same time, Ukrainian largest steel mill, ArcelorMittal Krivoy Rog [KSTL UK], reduced the total output in January-February by 8.8% yoy, while production output of Enakievo Steel [ENMZ UK] contracted 12.8% in the same period of 2011 due to the failure of the new oxygen block in its steelmaking workshop.

The Alchevsk metallurgical plant has announced its preliminary 2010 financial results, revealing a net loss of USD 127.53 mln, which appears worse than its 2009 net loss of USD 111.96 mln.

The consulting company Ostrov has assessed 92.79% of the shares owned by the state at UAH 10.5751 bln, which amounts to 0.609 UAH per share. An independent valuation of the company`s shares exceeds the starting price of Ukrtelecom by UAH 75 mln. The State Property Fund has already turned to the only bidder for privatization of the state-owned stake – the ESU company– with a proposal to purchase the package at the price proposed by a third-party consulting firm.

Astarta [AST PW, U/R] has attracted a USD 50 mln loan from Hellenic Bank. The Company intends to restructure its existing debt and to finance its working capital. The loan consists of three parts: one loan of USD 30 mln for a three-year term and two loans of USD 10 mln for one year-term each.