Daily monitor

Dnipropetrovsk Tube Works [DTRZ UZ, U/R] reduced its output 24.9% YoY to 55 thsd metric tons of pipes in 4M2008. The company produces more than 3,000 types and sizes of tubes from carbon and non-alloy steel grade, a chemical compound. The mill belongs to the Industrial Union of Donbas.

Dnipropetrovsk Tube Works [DTRZ UZ, N/R] has reported a USD 1.85 mln loss in 2007. The company has also disclosed its full FY07 report. Selected income statement data: net sales - USD 163 mln (+1% YoY), gross income - USD 152.4 mln (+6% YoY), EBITDA - USD 6.9 mln (-41% YoY).

On May 22, 230.1 thnd metric tons of crude oil were sold at Resources Auction 117 that took place on the floor of the Ukrainian Interbank Currency Exchange.

Shares of Dniprovsky Iron & Steel Works named after Dzerzhinsky, or simply Dzerzhynka [DMKD UZ, BUY], started to trade at prices apparently corrected for the recent 2.44x share capital increase.

After Wednesday’s sudden revaluation of the official UAH rate, the Council of the National Bank vetoed the decision of the NBU board to appreciate the hryvnya.

Shareholders of Shostka Milk [SHMK UZ, U/R], one of the top Ukrainian dairy producers approved annual financial results for 2007 at their AGM May 21.

Wholesale electricity price for June 2008, set by the National Electricity Regulatory Commission (NERC), increased 6% compared to May, reaching USD 64 per MWh. For January-May 2008, the increase of the wholesale electricity price amounted to 18.2%.

The official USD/UAH exchange rate has appreciated 4.1% to 4.85 UAH.

Azovstal [AZST UZ, BUY] is convening a general meeting on July 04, the main agenda topic being an approval of a share offering plan.

Ukrnafta [UNAF UZ, BUY] plans to sell 216.4 thsd metric tons of oil and 8.8 thsd metric tons of gas condensate at Ukrainian Energy resources Auction 117 on May 22.