OREANDA-NEWS. September 28, 2009. Veles Capital released daily market review:

Polyus gained 150 mn USD of net profit by IFRS in 1H 2009. In 1H 2009 Polyus Gold gained 150.013 mn USD of IFRS net profit by 6.8% lower, than within the similar period of the previous year. Sales of Polyus within 1H 2009 formed 451.9 mn USD – by 12.9% lower, than in 1H of the previous year. Particularly the sale of gold formed 441.68 mn USD (as the company announced earlier), having reduced versus 6 months of the previous year by 12.6%.

Raspadskaya completed the first half year with loss by IAS in 11 mn USD. Raspadskaya closed in 1H 2009 with IAS loss in 11 mn USD versus the net profit a year before, imparts the message of the company. The net loss was affected by the negative exchange rates of 23.6 mn USD. Sales of the company within the reported period formed 148 mn USD, EBITDA – 63 mn USD.

AvtoVAZ intends to reduce the investment program for 2010-2013 by two times. AvtoVAZ, JSC intends to reduce the investment program for 2010-2013 by two times to 42 bn RUR.