Veles Capital Released September 9 Russian Market Review
OREANDA-NEWS. September 9, 2010. Veles Capital released daily market review:
TNK-BP summed up half year results. Operating sale in 1H 2010 by US GAAP upped by 49.45% versus the 1H 2009 results. EBITDA upped by 24%, net profit grew by 23% versus the similar period of the previous year. RUSAL presented its program of modernizing Norilsk Nickel. A website "Save Norilsk Nickel" has been launched yesterday (www.savenornickel.ru and www.savenornickel.com - English version) which presents the view of RUSAL over cost growth of Norilsk Nickel. RUSAL clearly presented its claims on the problem of protecting the rights of holders and offered its own program of modernizing.
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