Daily monitor

Druzhkivka Machinery [DRMZ UZ, U/R], one of leading producers of mining equipment in the CIS, has increased its net profit for 2008 to USD 0.1 mln.

The Kharkiv-based Svitlo Shakhtarya Machine Building Plant [HMBZ UZ, HOLD], one of the largest CIS producers of scrape conveyors used in coal mining, has increased its net profit to USD 9.1 mln (UAH 48.501 mln, the AoP at USD/UAH 5.3 for 2008 and 5.05 for 2007) in 2008, which is 56% higher in UAH terms or 48% more in USD terms than was reported in 2007.

Ukraine's Bogdan Corporation may set up a joint venture in Russia for the production of trolleys and subway cars, together with Saint Petersburg's ‘Vagonmash’ company.

In February 2009, the number of Internet users in Ukraine rose 5.1% MoM to reach 10.945 mln unique users, according to a report by the Bigmir-Internet Company, the Internet branch of the Ukrainian KP Media holding.

The Dnipropetrovsk Pipes Plant [DTRZ UZ, N/R] has announced an AGM for April 28.

Sumy Frunze Machine Building [SMASH UZ, N/R], one of largest European producers of equipment for the oil, gas, and chemical industries, has reported that it finished 2008 with at a loss of USD 30.6 mln (UAH 162.342 mln).

Ukrainian power stations decreased electricity production by 15.2% in Jan-Feb 2009 compared to Jan-Feb 2008, according to the Ministry of Fuel and Energy.

Landkom [LKI LN, N/R], a Ukrainian agriculture producer focusing on energy crops, has conditionally placed 10% of the company’s stock, or 40 mln new ordinary shares with a par value of 0.1 pence each, on the AIM.

Privatbank – the largest bank in Ukraine in terms of assets – recently announced that the bank is going to increase its statutory fund by 37.5% or by UAH 2.126 bln.

Sun InBev Ukraine [SUNI UZ, BUY], a leading brewery on the Ukrainian beer market with a market share of 38% in 2008, announced that it has undergone a 5.4 times net income reduction for 2008 to USD 7.1 mln.