OREANDA-NEWS. November 02, 2009. Veles Capital released daily market review:

Surgutneftegas gained 13.183 bn RUR of profit in 3Q 2009. Net profit of Surgutneftegas by RAS within January-September of 2009 formed 90.445 bn RUR, which is by 24.7% lower than the estimate within the similar period of 2008, and then the company showed profit of 120.123 bn RUR.

RusHydro reported by RAS within 9 months of 2009. Sales of RusHydro by RAS within 9 months of 2009 grew by 29% to 58.7 bn RUR. Sales growth was provided by including the target investment component higher than last year into the tariff of 2009, and also by upping of useful output by 11% versus the previous period and the sum total growth of regulated tariff.

Norilsk Nickel reduced the output of nickel by 5.6% in 3Q 2009 to 67 thousand tons. In 3Q 2009 Norilsk Nickel lowered the output of nickel by 5.6% versus the 2Q to 67 thousand tons. Output of copper in 3Q formed about 102 thousand tons versus 100 thousand tons in 2Q. Besides, Norilsk Nickel output 704 ounces of palladium and 173 thousand ounces of platinum.

South Kuzbass in 3Q 2009 upped the net profit by 1.7 times to 1 bn RUR. Net profit upped in 3Q 2009 on behalf of the currency exchange on the received bank credits and loans in currency following the reduction of rate versus 2Q 2009.