OREANDA-NEWS. October 1, 2009. Veles Capital released daily market review:

Polimetal in 1H 2009 lowered the net profit by US GAAP by 2.2 times to 19 mn USD. In 1H 2009 gained 19 mn USD of net profit by US GAAP. Sales lowered by 15% to 220 mn USD, EBITDA – by 24% to 92 mn USD. Net debt in 1H 2009 grew by 8% to 336 mn USD. Capital expenses in January-June 2009 totaled 86 mn USD.

Rosneft evaluated the investment program on the oil processing and shared some plans for the future. Rosneft is estimating the required investments to modernization of the company’s refinery for executing the technical regulations on the fuel production of Euro-4 and Euro-5 standards in 6-7 bn USD.

MMC filed a claim to FAS on upping the share in Belon to 80%. Currently 82.6% of Belon’s shares are owned by Cyprus company OnarbayEnterprises, which are equally owned by MMC and the CEO of Belon Andrey Dobrov. Metellurgy company intends to buy his share.

Belon signed contracts with the consumers on price upping for coal by 62%. Belon Group signed contracts with the consumers for the coming 4 months by the prices of coking coal at the level of 3-3.1 thousand RUR per ton (FCA Kuzbass).

The crisis is over for Sibirtelecom. Sibirtelecom plans to build up the investment program volume in 2010 by approximately 70% versus the estimate of 2009.