OREANDA-NEWS. On 22 May 2009 Veles Capital released daily market review:

MTS: ride of generosity without example. The board of MTS’ directors made a decision on the session on May 21 to recommend the annual meeting to confirm dividends for 2008 in the amount of 20.15 RUR per share.

Dalsvyaz: IAS version is better. Sales of Dalsvyaz, JSC for 2008 by IAS grew up to 16.1 bn RUR from 15 bn RUR a year before. Operating profit within a year upped by 37% to 3.5 bn RUR. Net profit totaled 2.1 bn RUR versus 1.3 bn RUR in 2007.

TNK-BP Limited reported for 1Q 2009 by US GAAP. 1Q 2009 net profit of TNK-BP Limited by US GAAP reduced by 57.9% versus the similar estimate of 2008.

Norilsk Nickel will not payoff dividends for 2008 and will keep the treasuries. Board of Norilsk Nickel’s directors recommended the annual shareholders’ meeting of the company to decide not to pay dividends by the results of 2008 and approved transferring 4% of treasury shares of the company to its two subsidiaries.

AvtoVAZ disclosed details of anti-crisis and investment plans. Investment plan of AvtoVAZ for 2010-2012 provides for investments in the amount of 80 bn RUR. With the help of that the company plans to output 9 new models by 2014.

GAZ does not intend to payoff dividends by the results of 2008 due to no profit. Board of GAZ’ directors recommended not to pay dividends for 2008.