Daily monitor

Avdiivka Coke [AVDK UZ, N/R] has released its 2007 annual report.

Electricity generation company Donbasenergo [DOEN] has reported its 1Q08 financial results, which show net sales for the period up 24.5% to USD 95mln, whereas gross profit decreased 22% due to higher COGS, implying a gross margin decrease from 18% to 11%.

Electricity distribution company Krymenergo [KREN] announced at its AGM on April 23 that it has approved a dividend payout of 15% of its net income for FY2007, which implies USD 0.00143 per share.

Donetskgirmash [DGRM UZ, N/R], a large Ukrainian producer of mining machinery, has doubled its net loss in 2007 to USD 7.2 mln.

Stakhanov Ferroalloy Plant [SFER UZ, N/R] increased its net income 22 times to USD 18.3 mln and its net sales 44.3% to USD 186 mln in 2007.

Kryukiv carriage building plant [KVBZ] has agreed to supply 16 passenger carriages for Ukrzaliznytsia, the Ukrainian railway company, by 2009.

According to Ukrainian News, the 2007 net income of Pivdennyy GOK [PGZK UZ, N/R] amounts to USD 119.6 mln, up dramatically from USD 1.1 in 2006.

On April 21, Concern Galnaftogaz [GLNG UZ, Speculative BUY] conducted an AGM that brought essentially no surprises.

On April 22, 231.3 thnd metric tons of crude oil were sold at Resources Auction 116 that took place on the floor of the Ukrainian Interbank Currency Exchange.

The Nyzhnodniprovsky Rolling Pipes Plant [NITR UZ, BUY] has received two quality certificates for railway wheels in the Czech Republic and Hungary.