OREANDA-NEWS. June 22, 2010. Veles Capital released daily market review:

Tatneft provided US GAAP results for 1Q 2010. Net profit of Tatneft for 1Q 2010 by US GAAP formed 423 mn USD, as follows from the report of the company. Net profit turned out to be higher than the results of 1Q 2009 by 83.6% and higher than the results of 4Q 2009 by 72.8%. The output results on the net profit exceeded the market expectations.

Great report of WGC-4 by IAS for 2009. 2009 sales of WGC-4 totaled 42.9 bn RUR – 13% more than in 2008. While the output of power energy by the company dropped by 4.6%, given growth has been reached at the expense of tariffs and free prices upping on power energy by the end of the year, and also due to efficient operating of WGC-4 at the free market.