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Daily monitor



Machinery
April 23, 2008
Sokrat: KVBZ to build 16 carriages for Ukrzaliznytsia by 2009 – POSITIVE

Kryukiv carriage building plant [KVBZ] has agreed to supply 16 passenger carriages for Ukrzaliznytsia, the Ukrainian railway company, by 2009.

Metals and Mining
April 23, 2008
Sokrat: Pivdennyy GOK FY07 net income USD 120 mln: NEUTRAL

According to Ukrainian News, the 2007 net income of Pivdennyy GOK [PGZK UZ, N/R] amounts to USD 119.6 mln, up dramatically from USD 1.1 in 2006.

Oil and gas
April 23, 2008
Sokrat: Galnaftogaz AGM brings no surprises: NEUTRAL

On April 21, Concern Galnaftogaz [GLNG UZ, Speculative BUY] conducted an AGM that brought essentially no surprises.

Oil and gas
April 23, 2008
Sokrat: Oil at 82.9 USD/bbl, up 5.6%. UNAF: POSITIVE

On April 22, 231.3 thnd metric tons of crude oil were sold at Resources Auction 116 that took place on the floor of the Ukrainian Interbank Currency Exchange.

Metals and Mining
April 23, 2008
Sokrat: NITR receives certificates of quality: POSITIVE

The Nyzhnodniprovsky Rolling Pipes Plant [NITR UZ, BUY] has received two quality certificates for railway wheels in the Czech Republic and Hungary.

Machinery
April 23, 2008
Sokrat: SMASH to increase net sales 81% YoY in 2008

SMASH plans to increase net sales in 2008 by 81% to USD 586 mln compared to USD 323mln for the FY2007, company CEO Viktor Choban announced at the an April 16 AGM.

Electricity
April 23, 2008
Sokrat: POON net sales up 38% YoY in 1Q08

Electricity distribution company Poltavaoblenergo [POON] reported its 1Q08 net sales up 38% YoY to USD 72mln.

Machinery
April 23, 2008
Sokrat: Ukravto’s Net Sales drop by 47% – NEGATIVE

The extraordinary 21x net income increase reported by Ukravto [AVTO, U/R] for the year-end of 2007 bred strong expectations of future dividends payout among the investors.

Metals and Mining
April 23, 2008
Sokrat: ZFER increases net income 20.5 times to USD 7.72 mln

Zaporizhzhya Ferroalloy [ZFER UZ, N/R] increased its net sales 36.4% to USD 444 mln and its net income 20.5 times to USD 7.72 mln in 2007.

Metals and Mining
April 23, 2008
Sokrat: SHCHZ increases net sales 5.5% to USD 287 mln

The Krasnoarmiyska-Zahidna #1 Coal Mine [SHCHZ UZ, N/R] increased its net sales 5.5% to USD 287 mln, but reduced its gross profit 63% to USD 26 mln and its net income 36.3% to USD 10.6 mln in 2007

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Kiev 04070, Ukraine
E-mail: contact@sokrat.com.ua



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