Daily monitor

The Bogdan Automobile Plant [LUAZ UZ, BUY] has issued a press release stating that the company finished with an overall loss of UAH 317.744 mln.

MCB Agricole [4GW1 GR, N/R], an Ukrainian agricultural producer with a land bank under lease of 100 thsd ha, has announced that it is going to reconsider its land bank.

Last week, the President of Ukraine, Viktor Yuschenko, endorsed the law on a 13% increase to the import duty on all goods, except goods falling in the critical imports category (i.e. for items such as oil products, gas, etc.)

The Kharkiv-based OJSC Turboatom [TATM UZ, HOLD] – the largest turbine manufacturer in Ukraine and one of the largest energy equipment producers in the world – has announced that its revenue grew by 48% to UAH 552 mln, net profit grew by 4.4 times to reach UAH 145.4 mln in 2008.

Ukrnafta [UNAF UZ, BUY] released its official preliminary FY08 financials on February 20.

The Joint Venture Metalen LLC, which, together with OJSC Enakievo ISW [ENMZ UZ, U/R], comprise the so-called Enakievo ISW Group, has released its preliminary FY08 financials.

The owners of Rodovid Bank [RODB UZ, U/R] are going to discuss the issue concerning the necessity of asking for state support at its EGM scheduled on February 26, according to information published by Interfax-Ukraine.

The Ministry of Agriculture has officially stated that USD 0.2 bln in financing will be allocated for loans to agrarians that are prolonged by Ukrainian financial institutions.

Ukraine’s President Viktor Yuschenko has signed a bill proposed by the Parliament that imposes an additional 13% tariff on all imports except those deemed to be critical.

According to a press release issued by Ukrtelecom [UTEL UZ, U/R], the company ended 2008 with a significant net loss of UAH 1.525 bln (USD 288 mln). Net revenues for the same period decreased by 2.4% to UAH 6,646 bln (USD 1.254 bln.).