Veles Capital Released Daily Market Review - June 17, 2009
OREANDA-NEWS. On 17 June 2009 Veles Capital released daily market review:
Sibirtelecom: annual results by IAS. Sales of Sibirtelecom, JSC in 2008 by IAS totaled 37.7 bn RUR versus 35.2 bn RUR a year before. The operating profit reduced from 6.2 bn RUR to 5.7 bn RUR. The net profit totaled 1.5 bn RUR in 2008, which is by 42% lowered than 2007.
Gazprom estimated the coming prospects. On Tuesday the representatives of Gazprom gave a large-scale press-conference on the company’s development prospects and the activity of the concern under crisis conditions. The main conclusions were the following: lowering the capital investments for the close-coming years, delay of launching the strategic deposits due to the current and forecasted market conjuncture, particularly due to the demand and its recovery forecast. Production forecast for the current year remains within the frames of 450-510 bn cubic meters of gas.
Financial results of
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