OREANDA-NEWS. On 19 August 2009 Veles Capital released daily review:

NOVATEK provided mildly strong results for 2Q and 1H 2009. Net profit of NOVATEK by IAS for 2Q 2009 grew by 1.8% versus the similar period of 2008 to 7.18 bn RUR, states the report of the company. At the same time in dollar terms NOVATEK lost 25.3% on the given estimate, which was due to ruble devaluation by the end of the year by 36.6%.

Severstal prepares 5 issues of market bonds in the sum total volume of 45 bn RUR. Severstal is preparing five issues of market bonds in the sum total volume of 45 bn RUR. Circulation period of all series bonds will be 3 years. Each bond is nominated in 1 thousand RUR. Assets from bonds placement are planned to be used for whole company targets and credit arrearage refinancing.

Silvinit stays profitable in 1H 2009. Silvinit reduced its sales in 1H 2009 by 1.9 times versus the similar period of the previous year to 12.713 bn RUR, imparts the report of the company. Note, it has been announced earlier that the net profit of the company totaled 6.112 bn RUR.