Veles Capital Released Daily Russian Market Review
OREANDA-NEWS. May 11, 2010. Veles Capital released daily market review:
Perfect 1Q 2010 results of WGC-5. Sales of WGC-5 for 1Q 2010 formed 14.1 bn RUR, which is 37% higher than the similar estimate of 2009. Sales growth was mainly related to the raise of power energy output and the significant price growth at the free market.
Rostelecom: the first quarter was troublesome. Sales of Rostelecom in 1Q 2010 formed 14.1 bn RUR having lowered by 8.2% versus the similar estimate of the period a year before that. OIBDA reduced by 12.3% to the level of 3 bn RUR. Net profit formed 1 bn RUR versus 2 bn RUR a year before that. Given information comes from the message of the company.
Two explosions at Raspadskaya mine brought many victims. Death toll from explosions at Raspadskaya mine in Kemerovo Region climbed to 30. An additional almost 60 miners are still trapped underground. A pair of explosions occurred in the mine at the week-end. The first explosion took place at 8:54 local time on May 8, while 359 people were working in the mine. 295 people were taken up to the surface. 9 divisions numbering 54 people of rescue workers descended into the mine to recover the victims. However at 1:00 am May
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