OREANDA-NEWS. September 10, 2009. Veles Capital released daily market review:

Gazprom Neft provided neutral results by US GAAP for 1H 2009. Gazprom Neft provided its financial results by US GAAP for 1H 2009. As follows from the report the net profit of the oil company lowered by 57.5% versus 1H 2008 and formed 1.534 bn USD. At the same time in 2Q 2009 versus the first quarter the net profit increased by 3.6 times, versus 2Q 2008 – the reduction totaled 45.4%.

Tatneft extracted 1.4% less oil within 8 months than a year ago. In January-August 2009 Tatneft extracted 17.197 mn tons of oil, which is 1.7% more than planned.

Analysis of the accident consequences at Sayano-Shushinskaya HEPS continues. In course of the telephone conference for the analysts by the end of RusHydro’s board of directors session Vasiliy Zubakin acting as the head of the company announced some details on the recovery of Sayano-Shushinskaya HEPS.

Sitronics shows improvement. Sales of Sitronics, JSC in 2Q 2009 formed 247 mn USD. Operating profit grew up to 8.3 mn USD, net loss totaled 27 mn USD.