OREANDA-NEWS. On 04 June 2009 Veles Capital Released Daily Market Review:

LUKOIL provided an expected report for 1Q 2009. LUKOIL provided its report by US GAAP for 1Q 2009. The report indicates that within the reported period LUKOIL reduced the net profit by 71.4% to 905 mn USD versus 3.16 bn USD within the similar period of the previous year.

Mechel upped its net profit by US GAAP in 2008 by 25% to 1.14 bn USD. Net loss in 4Q 2008 totaled 497 mn USD. Sales reached 9.95 bn USD in 2008 (up by 49%). Net debt of Mechel as of December 31 2008 totaled 5.1 bn USD, the total debt – 5.4 bn USD. The volume of capital expenses formed 1.2 bn USD in 2008, for 2009 Mechel plans the capital investments program in the amount about 723 mn USD.

Management reshuffle in Rostelecom. Anton Kolpakov has been assigned director general of Rostelecom, JSC. Such a decision has been made at the session of Rostelecom’s board of directors. A contract will be signed with Kolpakov for the period of two years. Kolpakov took the seat of Konstantin Soloduhin. The main objectives of Kolpakov in Rostelecom will be improving the financial-economic estimates of the company, development of business on servicing large corporative clients, providing the integration process of Svyazinvest group’s companies in course of restructuring.

LUKOIL will continue building up the processing volumes.

Sistema: loss for the second quarter in a row.

Centrtelecom reported by IAS for a year.