Donbasenergo Announces 9M05 Results.

Donbasenergo (DOEN: BUY) posted 9M05 revenue of USD 153 mln (19.4% growth yoy) and net income of USD 11 mln (compared to USD 0.1 mln net income year ago). Concorde Capital: According to our estimates, DOEN’s electricity output has increased by about 5% yoy. The company shows positive dynamics in sales, physical output and profitability, which suggests it has completely recovered from the crisis of early 2000-s. Increased competition in 4Q05 is unlikely to spoil the company?s positive output trend for 2005.