OREANDA-NEWS. May 17, 2010. Veles Capital released daily market review:

NOVATEK presented 1Q 2010 IAS report. Net profit of NOVATEK by IAS for 1Q 2010 grew by 6 times versus 1Q 2009 and totaled 375 nb USD, as followes from the report by the company. We forecasted net profit to be at the level of 335 mn USD. Also the net profit of the company for 1Q 2010 overcame the similar estimate of 4Q 2009 (+17.8%).

In 1Q 2010 Severstal gained net loss by IAS at the level of 785 mn USD. In 1Q 2010 Severstal gained 785 mn USD of IAS net loss versus loss of 162 mn USD a quarter before that, imparts the message of the company. Net loss includes 855 mn USD of loss from suspending European enterprises' activity and 120 mn USD of net profit from the exchange rates before paying tax.

Surgutneftegas presented 1Q 2010 report.

Good results of WGC-2 by RAS for 1Q 2010.

Uralsvyazinform summed up the results of 1Q 2010.

Net profit of ZMZby the results of 2009 lost 65.5%.