OREANDA-NEWS. March 15, 2010. Veles Capital released daily market review:

NOVATEK provided IAS report for 2009. 2009 IAS net profit of NOVATEK reduced by 11% versus 2008 and formed 820 mn USD, as follows from the report of the company (profit grew by 13.7% in ruble turns). Net profit of NOVATEK formed 318 mn USD in 4Q, which is 35.6% higher than the 3Q result and higher than we expected.

MOESK reported by RAS for 2009. Sales of MOESK grew by 35% by the results of 2009 and totaled 85.2 bn RUR, cost of the company grew by 23% and formed 69.4 bn RUR.

AvtoVAZ might conduct an additional emission for 320 mn euro. Shareholders of AvtoVAZ are discussing the additional emission of company’s shares for 320 mn euro in 2010 within the frames of restructuring.