Veles Capital Released Daily Russian Market Review
OREANDA-NEWS. March 19, 2010. Veles Capital released daily market review:
Vimpelcom: perfect year despite the crisis. Sales of Vimpelcom by US GAAP in 2009 formed 8.7 bn USD versus 10.1 bn USD in 2008. OIBDA dropped from 4.3 bn USD in 2008 to 4.9 bn USD in 2009. The net profit grew by more than 2 times to the level of 1.1 bn USD.
Comstar summed up the results of 2009 by US GAAP. Sales of Comstar by US GAAP in 2009 totaled 1.5 bn USD versus 1.6 bn USD showed in 2008. OIBDA reduced from 690 mn USD in 2008 to 593 mn USD in 2009. Within the past year the company gained net loss in the amount of 294 mn USD versus the net profit of 59 mn USD a year before.
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