Home
/
News
/

Donbasenergo Announces first quarter results

Donbasenergo Announces first quarter results

17 May 2008

Donbasenergo (DOEN: BUY) posted USD 55.8 mn revenue (+280%) and USD 0.65 mn net income (-1.4%) in 1Q05. The company?s electricity output decreased by 1.3% yoy. Concorde Capital: The company operates two power plants: Slaviansk TPP, which decreased its output by 16% in 1Q05, because of dispatcher limitations (the 800 MW unit works at 340 MW only), and Starobeshev TPP who increased output by 13% yoy in Q1. Starobeshev TPP is on the final stage of testing unit#4, which is the most efficient and the cheapest unit reconstructed according to CFB standards. This unit will give DOEN a significant competitive advantage this year. We share DOEN management?s optimism for a 16% increase of electricity output in 2005.

Latest News

News

23

02/2022

Separatists may claim entire territories of two Ukrainian regions

Russia has recognized “all fundamental documents” of the self-proclaimed Donetsk and Luhansk People’s Republics (DNR...

News

23

02/2022

U.K. to provide USD 500 mln loan guarantee for Ukraine as IMF mission starts

The British government is going to provide up to USD 500 mln in loan guarantees...

News

23

02/2022

MinFin bond auction receipts jump to UAH 3.5 bln

Ukraine’s Finance Ministry raised UAH 3.3 bln and EUR 7.2 mln (the total equivalent of...