Daily monitor

Motor Sich [MSICH BUY], the sole Ukrainian manufacturer of engines for helicopters and jet airplanes, has reported 1Q08 net sales of USD 87 mln, which is 51.2% more than its performance in the same period last year.

Dniprospetsstal [DNSS UZ, BUY] smelted 185.1 thsd metric tons of steel (+0.6% YoY according to our estimates) and produced 119.1 thsd metric tons (-2.3%) of rolled products. In April 2008, steel and rolled products output amounted to 47.1 and 31.4 metric tons, correspondingly.

Joint Venture Metalen LLC, which together with OJSC Enakievo ISW [ENMZ UZ, BUY] comprise the so-called Enakievo ISW Group, has released its 1Q08 financials.

Dnipropetrovsk Iron & Steel Works named after Petrovsky [DMZP UZ, HOLD], or Petrovka, released its 2007 finances.

Interpipe Novomoskovsk Pipes Plant [NVTR UZ, BUY] has increased pipe output by 52% to 116 thsd metric tones in 4M08. The pipe production in April has been 31.7 thsd metric tons.

Electricity generation and distribution company KIEN has reported its 1Q08 net sales up 21% YoY amounting to USD 354.4 mln.

Avdiivka Coke [AVDK UZ, N/R] has increased output by 35.5% to 1.566 mln mt in 4M08, according to UGMK.INFO.

Spurred on by food prices, inflation in Ukraine continues growing high, coming in at 3.1% MoM in April. Compared to April 2007, the CPI has risen 30.2% YoY and 13.1% since the beginning of 2008. As noted, the prices in the food sector grew 5.2%

Astarta [AST PW], one of the biggest sugar producers in Ukraine, is getting a long term loan of USD 20 mln from the European Bank of Reconstruction and Development (EBRD), according to an agreement slated for signing May 7th.

T&S, a holding company for Odessa Karavay [OKOR UZ, N/R] and Krymkhlib [KRHLB UZ, N/R], has released its financials for 2007, with net revenues down 18.5% YOY to USD 17.3 mln, net income surging 3.4 fold to USD 0.06 mln and EBIT expanding to USD 0.1 mln vs. USD 0.08 mln in 2006.