Сектор потребительских товаров

Today Slavutych [SLAV UZ, BUY] held a conference, where the IFRS financial results for 1H2008 were released: net revenues increased by 40% to USD 223 mln, EBITDA rose by 60% to USD 22 mln, and net income improved to a positive USD 2 mln ( vs. a negative USD 2 mln in 1H2007).

Prydniprovsk Dairy [KPRD, BUY], a Ukrainian independent dairy producer, has been submitted for listing on the PFTS Ukrainian exchange on August 4, 2008. The company has 7 mln shares outstanding with a par value of USD 0.52.

System Capital Management (SCM) officially announced of selling its share of 94% in Crimea brewery. According to Ukranews, SCM has reached an agreement to sell the Crimea Brewery (total output capacity a 10 mln dal).

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).

Odessa Baby Food Cannery (OBFC), is a major operational asset of the Vitmark holding. Vitmark is the second largest juice producer in Ukraine, with a market share of 23%.

JSC Vinnytsyamyaso [VINM, N/R], the Ukrainian producer of meat, canned meat, meat by-products and sausages, has increased production by 20.6% YoY in June, up to USD 2.6 mln.

Unimilk, a part of Unimilk Ukraine, released its financial results for April – June 2008.

Rosselhoznadzor concluded inspection of Ukrainian dairies : NEUTRAL

Obolon, one of the top three beer producers in Ukraine, increased beer output by 10.5% to 59.8 mln dal in 1H2008.

System Capital Management (SCM) is selling two of its four breweries.