OREANDA-NEWS. October 26, 2009. Kyivenergo (KIEN), reported its financial results for 9M09 in a company filing: net revenues amounted to UAH 4.2 bln (up 4.2% yoy), gross loss was UAH 945.6 mln (4.5x), while EBITDA was positive at UAH 696 mln and net income comprised UAH 530 mln (vs. a net loss of UAH 278.0 mln in 9M08).

Concorde Capital: Kyivenergo's 9M09 EBITDA turned positive due to other operating income received from the city of Kyiv. In 9M09, Kyivenergo received UAH 1.6 bln in compensation for losses from heating supplies, which included not only 2009-related losses but compensation for previous years as well. At the same time, the company is operating with a negative gross margin due to low heating tariffs, which were recently prolonged until May 2010.

Concorde Capital is a full service investment bank operating on the Ukrainian, Russian and CIS markets. In 2007 Concorde Capital’s analytical team was recognized as the Top Team covering Ukraine by Thomson Extel's Pan European Survey. Senior Analyst Alexander Paraschiy was recognized as the Leading Pan-European Investment Analyst – European Emerging Markets. Concorde Capital is a leader when it comes to private placements and M&A deals. Concorde Capital’s sale of a stake in Electron Bank to Volksbank International AG was named the Best Ukrainian M&A deal of the year 2007 by the Adam Smith Institute.