OREANDA-NEWS. June 03, 2010. Veles Capital released daily market review:

LUKOIL provided a strong report for 1Q 2010. LUKOIL provided its report by US GAAP for 1Q 2010. As follows from the company’s report LUKOIL upped its net profit within the reported period by 2.3 times versus 1Q 2009 to 2.05 bn USD. The results exceed the consensus forecast at the level of 1.86 bn USD, which in the short-term prospect might be a good driver for the quotes of the oil company.

Transneft provided neutral results for 2009 by IAS. On Wednesday Transneft presented its IAS report for 2009 According to the report the net profit of the oil transport monopoly grew by 33.7% to 3.8 bn USD versus 2.8 bn USD a year before that. Sales of the company remained at the last year’s level – 11.05 bn USD.