Daily monitor

Dnipropetrovsk Iron & Steel Works named after Petrovsky [DMZP UZ, U/R], or Petrovka, reported a FY08 net loss of UAH 381 mln (USD 72.3 mln at the FY08 average of USD/UAH 5.27). The data was reported by Ukrainian News, likely as an item on an AGM agenda. The news agency did not report the date for the AGM; we estimate it to be around April 16.

Bagliy Coke [BKOK UZ, U/R] reported a FY08 net income of UAH 15.3 mln (USD 2.9 mln at the FY08 average of USD/UAH 5.27). The data was reported by Interfax-Ukraine in relation to an April 16 AGM invitation. The selected topics on agenda of the AGM, as reported by Interfax-Ukraine, do not include any extraordinary items.

In January, cement production amounted to 265 thsd metric tons, which is 67.9% lower than achieved in January 2008. The monthly output figure for January 2009 represents a drop of 43.3% from December 2008 levels, according to the State Statistics Committee of Ukraine. That month recorded an output of 467 mln metric tons, which demonstrated a decline of 53.9% YoY.

Ukraine’s First Vice Minister Oleksandr Turchynov announced that the Cabinet of Ministers has released a new resolution about the state’s participation in the recapitalization of banks.

According to a State Statistics Committee note, Ukraine’s net FDI inflow reached USD 10.1 bln in 2008, compared to USD 9.2 bln in 2007.

Interfax-Ukraine reported that Zaporizhstal [ZPST UZ, U/R] quoted UAH 47.7 mln (USD 9.1 mln at the FY08 average USD/UAH of 5.27) as the 2008 net income in the agenda of the AGM announced for April 08. The questions on the agenda, as reported briefly by Interfax-Ukraine, do not include any “abnormalities” such as share offerings or mergers.

Myronivskiy Khliboprodukt [MHPC LI, HOLD], one of the Ukrainian leading companies in the consumer and agricultural sectors, has released its operational results for 2H09.

The "AIS" Corporation has announced that the Kremenchug Car Factory (KrASZ) has suspended production until April due to the economic crisis. According to its press service, the assembly line was halted temporarily due to a non-win situation in all sectors of Ukraine’s economy at the moment. The company expects to resume operations in April.

Zaporizhtransformator [ZATR UZ, N/R] – the world's largest manufacturer of transformer equipment – has announced its preliminary financial results for 2008 in advance of its annual shareholder meeting, which will take place on March 31.

The electricity distribution company Dniprooblenergo [DNON UZ, U/R] has stated it recorded a UAH 83.7mln (USD 15.9 mln) net income in 2008, which is a 195% gain compared to the 2007 figure. The company’s net sales climbed 13.5% YoY to UAH 8,023.3 mln (USD 1.5 bln).