OREANDA-NEWS.Donbasenergo (DOEN) reported its 3Q07 financials on October 23, with the company increasing net sales by 13.6% y-o-y to $202 mln and gross profit by 101% to $22.7 mln. This translates into net income of $21.3 mln for 3Q07, which is a dramatic improvement from $11.0 mln in net losses for 3Q06.

According to Alfa Bank experts, DOEN's improving is primarily connected to reduced pressure from lower tariff caps set by the National Electricity Regulatory Commission (NERC) and also to better operating efficiency of the company. Given this trend, the analysts also forecast improved 3Q07 financials for Ukraine's other thermal GenCos, i.e. Centrenergo, Dniproenergo, and Zakhidenergo.