OREANDA-NEWS. December 03, 2009. Veles Capital released daily market review:

RusHydro reported by IAS for 6 months of 2009. Sales of RusHydro by IAS for 6 months of 2009 grew by 14% to 56.9 bn RUR. Sales growth has been provided by including the target investment component higher than last year into the tariff value, increase of useful output by 11% versus the previous period, and also by the upping of the share of sale via non-regulated prices according to the market liberalization schedule.

Financial results of Akron and Dorogobuzh by IAS within 9 months of 2009. On Wednesday, December 2, Akron and Dorogobuzh reported by IAS for 9 months of 2009. As follows from the report, within the estimated period the head company (Akron) gained profit in the amount of 184 mn USD, Dorogobuzh completed the reported period with profit of 44 mn USD, which correlates with the drop of the given estimate versus the similar period of the previous year by 57.2% and 66.2% respectively. The net profit results did not exceed the market expectations much.

VTB prolonged the credits of Mechel group by 15 bn RUR from 1 year to 4 years. VTB executed the restructuring of credits to the enterprises of the Mechel group in the sum total amount of 15 bn RUR, imparts the message of the credit organization. Primarily the credit due date formed one year, but resulting from the restructuring the time of financing has been increased to four years.