Daily monitor

Concern Stirol [STIR UZ, U/R] reported its operational results and sales data on July 10.

The Zaporizhzhya Refractory [ZPVT UZ, N/R] increased output 0.5% YoY to 130 thsd tons in 5M2008.

Mariupol Illich Iron & Steel Works [MMKI UZ, BUY] has signed a 2008-2011 contract with the Russian Metalloinvest for supplies of 1.2 mln mt of iron ore concentrate per year.

Ukrnafta [UNAF UZ, Strong BUY] will save UAH 31.1 mln (USD 6.16 mln at USD/UAH 5.05) in rent payments due to a recent change in the extraction rent rate mechanism.

The Zaporizhzhya Refractory [ZPVT UZ, N/R] increased output 0.5% YoY to 130 thsd tons in 5M2008.

HeidelbergCement Ukraine will hold its EGM on September 4 to discuss creating an assignee branch on the base of Doncement.

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

Kovelmoloko [KMOL UZ, BUY] is a main asset of the Western Milk Group (WMG), accounting for 33% of the group’s total output.

In June 2008, PPI in Ukraine increased by 4.2% compared to May 2008, according to figures released by the State Statistics Committee of Ukraine today.

The Ukrainian Government is planning to consider lowering import duties on equipment used in shipbuilding.