Daily monitor

On May 20, EastOne, the main holding company of Viktor Pinchuk, disclosed that it had sold its stake in Dniprospetsstal [DNSS UZ, U/R].

On May 20, Zaporizhstal [ZPST UZ, BUY] re-opened on PFTS after almost 2 years of being delisted.

Kryukivka Carriage Works [KVBZ, U/R] increased its production in April 6.9% MoM from 608 to 652 carriages, four of which were passenger cars.

In 4M2008, Interpipe Nyzhnodniprovsky Pipe Rolling Works [NITR UZ, SELL], reduced its pipe output 1.8% YoY to 204.2 thsd metric tons. In April 2008, the mill produced 50.4 thsd metric tons of pipes (6.7% fall MoM).

Veres Group, one of the top Ukrainian producers of preserved food, is considering an IPO.

Ukrinterenergo, the Ukrainian state intermediary on all electricity export contracts, resumed electricity sales in April 2008 to Poland, now at the significantly higher price of USD 55 per MWh, a 96% increase since initial sales were interrupted in Sept. 2007.

Ukraine and Moldova have agreed on upping the price of Ukrainian exported electricity to Moldova in the next year to the Ukrainian domestic market price.

Official statistics on Ukraine’s foreign trade show exports grew 28.5% to USD 13.8 bln in 1Q08.

Astarta Holding NV [AST PW], one of the top Ukrainian sugar mills, released its 1Q 2008 financial results, revealing net revenues increased 57% YoY to USD 29.8 mln, EBITDA surged 109% YoY to USD 12.8 mln, net income totaled USD 8.4 mln (up 80% YoY) and a 43% YoY increase in sugar sales.

At Stakhaniv Carriage Works’ [SVGZ, U/R] AGM May 19, shareholder’s approved the decision to increase the statutory fund via emission of 37.7 million ordinary shares in documentary form at USD 0.21 par value.