OREANDA-NEWS. On 04 August 2009 Veles Capital released daily review:

In 1H 2009 Gazprom reduced RAS net profit by 41%. Non-consolidated net profit of the head company Gazprom by RAS in 1H 2009 reduced by 41% to 169.039 bn RUR, imparts Interfax.

Severstal in 2Q 2009 reduced steel output by 28% to 3.8 mn tons. In 2Q 2009 Severstal reduced the production versus the similar period of the previous year by 28% to 3.813 mn tons. According to the message of the company, the production grew versus the first quarter by 0.4%. Output of cast iron in 2Q 2009 versus the similar period of the previous year dropped by 25% to 2.8 mn tons, rolled metal – by 29% to 2.9 mn tons.

Neutral results of WGC-3 for 1H 2009 by RAS. Sales of WGC-3 in 1H 2009 dropped by 1% and totaled 18.1 bn RUR. The cost of the company within the reported period reduced by 7% and formed 15.1 bn RUR. Profit from selling grew by the end of 6 months of 2009 by 29% to 2.3 bn RUR. Net profit of the company grew within the reported period by 17% to 4 bn RUR.

Strong report of WGC-6 by RAS in 1H 2009. Sales of WGC-6 in 1H 2009 remained at the level of the similar period of 2008 – 20.4 bn RUR. Cost of the company within the reported period reduced by 22% and totaled 15.3 mn RUR. Profit from selling grew by the end of six months grew by 354% to 3.6 bn RUR. Net profit of the company within the reported period grew by 446% to 2.7 bn RUR.