OREANDA-NEWS. March 11, 2010. Ukrros <UROS UK U/R> Sugar Union has posted the Net Income of UAH 0.2mn in 2009 vs. the net loss of UAH 98.5mn in 2008. Throughout 2009, the Company assets grew 14.1%, y/y to UAH 549.6mn.

Millennium Capital sees the news to be positive for Ukrros. The net income of the Company is seems to be an indicator proving a significant improvement in its EBITDA, comparing to a negligible UAH 16.2mn in 2008. Millennium Capital has a positive outlook on the UROS shares in 2010, since the Company has announced about its plans to increase the sugar production by around 50% in 2010, reduce costs and sell unprofitable assets during the same period. Currently, Millennium Capital is reviewing recommendation on Ukrros shares.