Daily monitor

Ukrnafta [UNAF UZ, Strong BUY] has released its official preliminary 1H08 financials on July 25.

Joint Venture Metalen LLC, which together with OJSC Enakievo ISW [ENMZ UZ, BUY] comprise the so-called Enakievo ISW Group, has released its 1H08 financials.

According to the market research agency IKS-Consulting, Ukrtelecom [UTEL UZ, U/R] increased its mobile users by 29.1% in June.

Electricity generation companies Dniproenergo [DNEN UZ] and Zakhidnergo [ZAEN UZ] reported its 2Q08 financials.

Yuliya Tymoshenko, the Premier Minister of Ukraine, has promised to maintain tax benefits for agrarians, according to the Unian news service

Electricity generation company, Donbasenergo [DOEN UZ], reported improved financials for 2Q08. Net sales went up 45% YoY, gross profit increased by 20% YoY improving gross profit margin from 12.4% to 15% YoY.

Zaporizhstal [ZPST UZ, Strong BUY] reported in an official press release some of the details on the two main aspects of its vast USD 1.7-2.0 bln modernization program.

In the July 24 issue, Kommersant-Ukraine featured a piece on a possible merger between the Evraz Group [EVR LI, N/R] and the Industrial Union of Donbas (IUD).

Alchevsk ISW [ALMK UZ, BUY] signed a contract for the rest of 2008 for deliveries of directly reduced iron (DRI) briquettes from Lebedinskiy GOK of the Russian Federation.

At the AGM on the July 22, 2008, Slavutych Brewery [SLAV UZ, BUY] corroborated financial results for 2007: net revenues USD 232.8 mln (+55.1% YoY), EBITDA USD 51.6 mln (+ 83% YoY), net income USD 19.3 mln (increased 4.4 times YoY).