Daily monitor

The shareholders meeting of Rodovid Bank [RODB UZ, N/R] – the 19th biggest bank in Ukraine in terms of assets – decided to increase the bank’s statutory fund 161% by UAH 700 mln (USD 90.9 mln) to UAH 1.135 bln (USD 147.4 mln).

Ukraine’s giant telecommunications company Ukrtelecom [UTEL UZ, U/R] – the country’s fixed-line incumbent – has decided to issue two discount bonds of the “H” and “I” series for UAH 250 mln.

The Zaporizhya-based Motor Sich [MSICH UZ, BUY] company – the largest producer of aviation jets and gas-turbine units in the CIS – has announced its intention to increase its supply of helicopter engines to Russia by 20%.

The Luhansk-based Stakhaniv Railcar Works [SVGZ UZ, BUY], one of the largest wagon producers in Ukraine and part of the AvtoKrAZ holding, reported that it produced 5,511 cargo wagons in 2008, which is down by 0.8% YoY.

Ukrainian News, a news agency, reported on data provided in a Dniprospetsstal [DNSS UZ, U/R] AGM invitation. The FY08 net loss amounts to UAH 204 mln, or USD 38.7 mln (at FY08 USD/UAH average of 5.27).

According to information from Ukraine’s State Treasury, the budget profits in January reached UAH 12.2 bln (USD 1.6 bln), which is 1% higher than the planned figure. Previously, the Treasury reported that as of January 26, 2009, the budget profits were 55% below the planned indicator for the entire January.

Interfax-Ukraine reported on pipes and tubes production for January, which amounted to 84 thsd mt. This is down 62% MoM, and 59% below the average 2008 monthly output of 205 thsd mt, and 62% below the average 2007 monthly reading of 220 thsd mt.

Interfax-Ukraine reported on steel production numbers for January. According to our calculations, the total crude steel output of Ukrainian steelmakers amounted to 2.12 mln mt last month.

Interfax-Ukraine reported on coke production for January, which amounted to 1.28 mln mt. This is up 13% MoM, but still 21% below the average 2008 monthly output of 1.62 mln mt, and 24% below the average 2007 monthly reading of 1.68 mln mt.

Poltavaoblenergo [POON UZ, BUY] increased its net income in 2008 by 24.5% to UAH 19.9 mln. The net revenues of Poltavaoblenergo in 2008 increased by 28.3% to 1,302.0 mln UAH. In 2008, POON reduced electricity distribution by 3.2% YoY to 2,612.7 GWh. The level of payments for purchased electricity in 2008 reached 100%.