Сектор потребительских товаров

Kovelmoloko [KMOL UZ, U/R], a Ukrainian dairy producer that is affiliated with the Western Milk Group, decreased its net income by 2.4 times to USD 0.19 mln in 2008. The company’s assets increased by 41% to 58.7 mln. Kovelmoloko is going to hold an AGM on March 27, 2009 in order to review its 2008 financial results.

The Creativ Group [4C8A GR, N/R], a Ukrainian vegetable oil and fat producer, increased its net income in 2008 by 90.7% YoY to USD 0.5 mln. The company’s assets totaled USD 19.3 mln.

System Capital Management (SCM) has officially stated that it is no longer a major shareholder in the Luhansk brewery. SCM sold its beer asset to Keg Service Ltd., the deal details for which have not yet been disclosed.

Ukrproduct [UKR LN, N/R], a Ukrainian independent dairy producer, held an emergency general meeting on January 29, 2009.

The Ukrainian Parliament has endorsed legislation on increasing the excise tax on beer by a total of 58.1% in 2009. The increase will be implemented in two steps. Beginning January 1, 2009, the excise tax will be increased to USD 0.05 (UAH 0.39) and then subsequently, in July 2009, will finally be raised to USD 0.065 (UAH 0.49).

The Kyiv Cardboard Paper Mill [KIKP UZ, N/R] in Obukhiv (Kyiv Region) – a leading Ukrainian pulp and paper producer – has released results for the first eleven months of 2008. From January to November 2008, the company increased production by 36.7% YoY (to UAH 1.029 bln), according to Interfax-Ukraine.

The Luhansk-based Rubizhnoye Cardboard and Packaging Mill one of Ukraine's largest cardboard packaging producers – cut corrugated cardboard production in January-November 2008 cut production by 20.2% compared to the same period in 2007 (to 167.135 mln sq.m.).

The Zhydachiv Pulp and Paper Plant [ZCPK UZ, N/R] – the monopoly producer of newsprint in Ukraine, and located in the Lviv Region – recorded a 16.7% increase in production (to UAH 420.294 mln) YoY for the period January-November 2008. These figures were released by the plant’s owner Osnova-Papir.

Shostka [SHMK UZ, N/R], a Ukrainian dairy producer, is going to consider a private additional share issue of 0.4 mln ordinary shares at a par value of USD 2.4 (UAH 19.21) and the injection of a USD 0.9 mln (UAH 7.4 mln) into its Statutory Fund, according to the Ukrainian News agency. The final decision is to be taken by Shostka’s shareholders at their AGM on February 3, 2009.

The Ukrproduct group [UKR LN, N/R], an independent Ukrainian dairy producer, has decreased its CapEx by 22% YoY to USD 1.3 mln.