Apr
30
Yesterday CTC Media published its US GAAP report of 1Q 2008. The sales versus 1Q 2007 formed 31.3% and reached 137 mn USD. OIBDA dropped slightly (-2.1 p.p.) and formed 40.4%. In general – quarter values of company fall within annual targets of CTC Media’s management (sales of 600-650 mn USD, OIBDA margin at 45-48%).
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Apr
30
Throughout Tuesday Russian stock market had went on a stable drop for most of the trading session. Even though external background was neutral – the trades gone wrong since the very start. Some negative influence to the market was brought by drop of oil prices, new fall at European markets, weakly opened US trades. Among [...]
Apr
29
The new trading week of Russian stock market was flagged by a growth of quotes among virtually all range of liquid stock. We must note though, that growth began last Friday, during second half of the day, then growth simply continued on to Monday. Before trades began the environment around it was quite supportive. Therefore [...]
Apr
27
For four day in a row Russian market has been failing, still backed by the negative environment. This Thursday however, the drop proved the lowest since the week’s beginning. RTS movement vector was looking down since the very morning. The sale of Norilsk Nickel’s blocking shares to RusAL only fueled the ongoing fire. Norilsk Nickel [...]
Apr
27
Comstar-UTS: Time to conquer the regions - April 25, 2008
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Last wee Comstar-UTS published its quarter and full year’s report under US GAAP. The results of the company have proved to be “strong”, even exceeding market’s anticipations.
On par with announced results company’s management reported its targets on Comstar’s financials for current year, whereas sales growth rate is estimated to [...]
Apr
27
NLMK: US GAAP 2007 results - no surprises - April 25, 2008
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This Monday NLMK announced its consolidated financial results of 2007. Sales formed 7,719.1 mn USD (+28% to 2006 level), operating income formed 2,998.4 mn USD (+34%), EBITDA totaled 3,366.2 mn USD (+28%), net income formed 2,247.3 (+9%). But, if we exclude the influence of nonrecurrent events (sales of Lebedinsky GOK and KMAruda enterprise in 2006, [...]