Veles Capital Released Daily Russian Market Review
OREANDA-NEWS. November 05, 2009. Veles Capital released daily market review:
Three IRC summed up 3Q 2009 results. Sales of Dalsvyaz within 9 months by RAS formed 9.9 bn RUR, versus 8.9 bn RUR a year earlier. The net profit grew from 1.3 bn RUR to 1.6 bn RUR. Sales of Sibirtelecom within the similar period upped from20.5 bn RUR to 20.9 bn RUR. Net profit dropped from 2.7 bn RUR to 1.7 bn RUR. Sales of Centrtelecom within 9 months by RAS grew from 24.8 bn RUR in 2008 to 26.8 bn RUR. The net profit formed 4.1 bn RUR versus 3.0 bn RUR.
Drop of WGC-3 net profit by the results of 9 months of 2009. The sales of WGC-3 within 9 months of 2009 dropped 3% and totaled 27.1 bn RUR. The main reason of the reduction of the given estimate was the reduction of output by the stations of WGC-3 due to energy consumption decline in SRES presence.
Expectedly positive non-audited report by WGC-5 by IAS for 9 months. Sales of WGC-5 within 9 months formed 30.4 bn RUR, which is 5% lower than the similar estimate of 2008. The reduction is mainly provided by the drop of energy consumption due to the current unfavorable economy state, which in its turn leaded to the drop of power energy price at the free market.
AvtoVAZ kept the sale at September levels in October. In October AvtoVAZ, JSC kept the vehicle sale volume at the level of September having sold about 28 thousand cars.
Silvinit gained 5.896 bn RUR of net profit in 3Q 2009. Net profit of Silvinit within 9 months of the current year dropped more than twice versus the similar period of the previous year.
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