Daily monitor

Enakievo ISW group, which includes OJSC Enakievo Iron & Steel Works [ENMZ UZ, BUY], reported the following operational results in 4M08: pig iron, 971 thsd mt (+26.5% YoY); crude steel, 1,034 thsd mt (+15.6%); rolled products delivered, 1,026 thsd mt (+12.1%), of which finished long products 211 thsd mt (+76.5%).

Sukha Balka [SUBA UZ, N/R] has released its 2007 annual report. By mistake or for reasons unknown, the Assets half of the balance sheet has not made it into the electronic version of the report.

On May 05, an official Severstal-metiz press release announced that the Russian group, which owned a 60%+1 stake in Dniprometiz [DMPO UZ, N/R], has exercised its option of purchasing an additional 34.6% from the Ukrainian TAS group.

The average official salary in Ukraine reached USD 337 (UAH 107) in March 2008, the State Statistics Committee has reported.

On April 25, Ukrnafta [UNAF UZ, BUY] released financial data for 1Q08.

On April 30, Concern Stirol [STIR UZ, U/R] submitted some FY07 financial data with the Ukrainian Securities and Stock Market State Commission (SSMSC).

Avdiivka Coke [AVDK UZ, N/R] is convening a general meeting on June 19, one of the topics on the agenda being approval of a share offering plan. The proposed plan is to issue 1.458 mln of new shares that will have a face value of USD 0.348.

Electricity generation company Dniproenergo [DNEN] has posted its 1Q08 financial results. Overall, YoY results appear to be worse than DNEN’s QoQ results, which, compared to 4Q07, have slightly improved.

Electricity distribution company Volynoblenergo [VOEN] approved a dividend payout of 15% of its net income for FY2007 at its April 24 AGM, implying USD 0.00017 per share.

Ukrainian dairy company Ukrproduct Group [UKR LN] increased its net sales 37.2% YoY to USD 95.8 mln. Its net income surged to USD 6.6 mln from USD 2.2 mln and EBITDA expanded 96.0% to USD 10 mln.