Investment Capital Ukraine company published regular review of Concern Galnaftogaz (OKKO filling complexes network) activity following the results of 1H09

The main issues on which attention was focused in the review, is the risk of decreasing demand on the products of companies which depend on the demand of final customers. The ICU analysts have marked the improvement of Concern Galnaftogaz profitability for 1H09 as compared to the corresponding period of previous year, which is, in their opinion, rather the achievement of company's effective actions, than the influence of favourable market conditions. Investment Capital Ukraine also underlines, that due to profitability improvement, Galnaftogaz managed to soften the influence of debt growth as a result of hryvnya devaluation against the US dollar on financial coefficients, particularly, on debt to financial result (operating income before changes in working capital) ratio, and allowed to save it at the level of preceding six quarters.
It is possible to get acquainted with the analytical review of Investment Capital Ukraine here .