OREANDA-NEWS. In 9M07, Dniproenergo (DNEN) increased net sales by 30.3% to $495 mln, with net income also rising by 29.8x y-o-y to $13.9 mln. According to the Alfa Capital Ukraine experts, this increase is attributable to improved corporate governance at Dniproenergo, which is currently managed by Donbass Fuel and Energy Company (DTEK), the energy wing of System Capital Management (SCM). The analysts also believe the improved fuel supply to Dniproenergo's power plants is another driver for the better observed profitability in this period. They view DTEK's management as very promising for Dniproenergo's investment case, according to the recent report "Reinitiation of GenCo Coverage: A New Approach". The experts maintain BUY recommendation for the company stock, with a 12M TP of $707/share and 37% upside.