Daily monitor

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.

The National Communications Regulation Commission (NCRC) has initiated the process for increasing the ceiling for subscription fees for fixed phone numbers in cities and district centers by 10-20%. The new fee will be UAH 16.44-33.81 per month.

Zaporizhtransformator [ZATR UZ, N/R] – the world's largest manufacturer of transformer equipment – has announced its intention to supply transformer equipment to Russia in the summer of 2009 for the reconstruction of the 500 kW "Frolovskaya" power substation (OJSC "Federal Grid Company, Unified Electrical Grid System", Central Trunk Electrical Network of the Russian Federation).

Power generating company Donbasenergo [DOEN UZ, BUY], which operates fossil fuelled facilities in eastern Ukraine, has decreased its preliminary estimated net income by 35.3% to UAH 17.2 mln (USD 3.3 mln) for the year ending 31 December 2008.

The share of bad loans in the overall amount of loans provided by Ukrainian banks in 2008 climbed by 0.96 percentage points, to 2.27% by January 1, 2009.

The January production volumes for individual steelmakers, according to Interfax-Ukraine, are as follows.

Ukrainian pipes and tubes production for January, 84 thsd mt, is down 30% MoM. Earlier, we reported a 62% MoM drop, which was wrong due to an incorrect December production value used in the comparison.

According to preliminary data, the Kremenchug-based AvtoKrAZ holding company [KRAZ UZ, N/R] – the only Ukrainian manufacturer of heavy trucks – recorded a net profit of UAH 75.292 bln in 2008, which is an increase of 1.6% over that achieved in 2007.

Ukraine has exported a total 13 mln mt of grain in the period July 2008 to January 2009. However, grain exports in January 2009 lost its temp and the monthly grain export totaled 1.6 mln mt. In particular, 0.7 mln mt of this was mainly fodder grain, 0.6 mln mt of corn, and 0.3 mln mt of barley.

Nadra Bank is set to increase its statutory capital by UAH 1,400 million to UAH 1,790,362,660 or by 358% via additional issue of shares, reads the bank's statement.