Daily monitor

In August 2008, the number of mobile communications subscribers in Ukraine grew by 0.75% or by 420,000 subscribers to reach 55.77 million; so says a report issued by IKS Consulting.

Ukraine’s Cabinet of Ministers made a decision to take the state’s corporate rights in AZOVMASH into its hands.

According to Interfax, Landkom [LKI LN, N/R], an international agricultural company with land assets in Ukraine, has increased its land bank in Ukraine by 15% to 115 thsd ha.

Since the beginning of the year, AZOVMASH, the leader of heavy machinery in Ukraine, has demonstrated UAH 4.5 bln in sales.

Motor Sich [MSICH UZ, U/R], the only Ukrainian company that is engaged in the development, production, testing and repair of modern aviation engines, plans to open an engine repair plant in the city of Dubne (Russia) before the end of the year.

According to a company representative, Kryukiv Railcar [KVBZ UZ, BUY] intends to launch maintenance centers for freight and passenger railcars in Kyiv and Kharkiv.

After a number of hostile takeover attempts in recent years, the Borshahivskiy Chemical Pharmaceutical Plant (BCPP) is planning to sell its factory. BCPP is the number one Ukrainian producer in terms of GMP compliance.

On the tail of price hikes for fixed line telephone services in Ukraine, which Sokrat wrote about in its news coverage earlier this week, Ukrtelecom [UTEL UZ, U/R] has announced that it will also be increasing monthly fees for individual subscribers who receive radio broadcasts.

Ukrros, a Ukrainian sugar producer, released an official press release on Tuesday, in which it announced plans to expand its share on the domestic market by 10 pp to 20%.

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.