OREANDA-NEWS. October 27, 2010. DNEN posted its 3Q2010 financial results on October 25. According to the interim results, the Company’s earnings are about UAH 37.3mn, having EBITDA at UAH 415.6mn and revenue at UAH 1.8bn (61.3% gain y-o-y). the Company’s output raised by 21.7% y-o-y. Compared to the 2Q2010 the DNEN’s net income shrank by 5.8x, that is caused by the deferred tax payment.

Millennium Capital sees the news as POSITIVE for the Company. DNEN has been in losses since 4Q2008 and could realize a profit in 2Q2010 generally because of the selling price growth (27% in May 2010). The Company has showed the biggest output rise amongst all of the GenCos that is mostly due to industrial production growth of the South Ukraine’s highly industrialized region.