Daily monitor

Trigon Agri [TAGR OMX, N/R], an international agricultural company that operates land assets in Ukraine, Russia and Estonia, with a land bank comprised of 144 thsd ha in Ukraine and Russia, released financial results for 1H08

On Friday, August 29, the Kyiv City Council approved Kyivenergo’s [KIEN UZ, BUY] plans for the electricity gridline development until 2020.

Dniprovsky Iron & Steel Works named after Dzerzhinsky, or simply Dzerzhynka [DMKD UZ, BUY], produced only 115 thsd mt of crude steel in August 2008. According to Metal Courier, the reason is the lack of orders

The Evraz Group [EVR LI, N/R] has conducted conference calls with analysts and the press on its interim 1H08 results. Several announcements relevant to Ukrainian assets and plans were made.

According to official filings by Poltava GOK [PGOK UZ, HOLD], the company has received the first two tranches of a USD 500 mln loan

The Kernel Group [KER PW, N/R], a bulk oil and grain trader, released its 4Q 2007/2008 consolidated financial results: net revenues soared 89% YoY to USD 663.1 mln, EBITDA surged by 172% to USD 126.0 mln, and net income increased by 4.3 times to USD 80.8 mln.

Kryukiv Railcar [KVBZ UZ, BUY] has won a tender for the supply of 5 thsd hatch covers for gondola railcars to the "Belzheldorsnab" company in Belarus.

At the shareholders’ meeting of AZOVMASH, based on a unanimous vote, the decision was taken to reorganize the company from an OJSC (Open Joint-Stock Company) to a CJSC (Closed Joint-Stock Company).

Zaporizhtransformator [ZATR UZ, N/R], has passed an audit for its correspondence with international standards ISO 9001:2000. In particular, the reporting on the environmental facets and safety aspects of the enterprise was highlighted.

The Cabinet of Ministers decided to cancel the existing calculation approach for the electricity grid connection fee, which is to be paid to local electricity distribution companies (oblenergos) by all new consumers, such as newly-constructed residential and commercial buildings, as well as industrial plants.