Sep
18
Rosneft reported for 2Q 2008. Throughout the reported term company’s income has been reduced -43.7% and formed 4.312 bn USD. However, if we exclude the single-time income of Rosneft in 2Q 2007 off YUKOS case in 7,920 bn USD, then the natural net income of the reported term would soar +153%. Do note though – [...]
Sep
18
Short-lived and sad were the trades of Wednesday throughout the Russian stock market. In just one and half hour RTS lost yet another -6% and approached 1000 points market. The positive closing of US stock indices at the back of unprecedented support of AIG and growth of oil price were not the reasons enough for [...]
Sep
17
Over 1H 2008 NMLK’s net income increased by 43.8% - to 1.531 bn USD, says company’s report. Company’s revenue added 63% and formed 5.884 bn USD, EBITDA increased by 47%, to 2.313 bn USD. The given financial results hit NMLK’s average forecasts, composed according to data received from analysts, whom work in different investment [...]
Sep
17
Such record fall as this Tuesday RTS had not experienced for a decade, since early 1998, when index lost -14% in just one day. Yesterday’s collapse can now be legitimately called The Black Tuesday. Crumbling influenced all of stocks yesterday. The list of fastest dropping stocks was topped by oil, energy and banking sectors. The [...]
Sep
16
This Monday Russian stock market had once more dropped below 1300 points. The fall was led by the banking sector, crumbling at the back of Lehman Brothers and sale of Merrill Lynch to Bank of America. Therefore, the oil dropped price throughout the day as well: due to lack of any real damage by the [...]
Sep
15
On August 29th LUKOIL published its 2Q 2008 report under US GAAP. During 2Q 2008 net income of the company rose +64.1% versus similar value of 2007, form 2,517 bn USD to 4,130 bn USD. Versus 1Q 2008 (3.163 bn USD), net income had also demonstrated growth of +30.5%. The quarter value of net income [...]
Sep
15
Throughout Friday Russian stock market had finally demonstrated a decent technical growth. And this fact is unsurprising, especially at the back of market’s non-stop fall going through last seven trading sessions, down total of 21.5%. The purchase catalyst of the day was the closing of a number of short positions, plus the speech by RF [...]
Sep
14
Last week Comstar-UTS published its 1H 2008 financial results.
Company’s report demonstrated negative trends of efficiency dynamics, due to higher expenses growth rates over income growth rates. This trend especially evident over 1H period. Among the reasons of higher growth rates of expenses are: decreased tariffs of MGTS (Comstar’s major [...]
Sep
14
Last Tuesday Sitronics published the results of its activity for 2Q and 1H 2008.
It should be mentioned that Sitronics’ financial results become better and better. According 1H 2008 results, the company demonstrated positive dynamics of OIBDA and sales income. A growth of income was boosted by all [...]
Sep
12
Russian Stock Market Report
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Russian stock market dynamics of Thursday was uncertain. On the one hand – after a week’s non-stop fall the quotes oil & gas sector have finally corrected upwards. We would like to point out stocks of LUKOIL, which demonstrated growth backed by Fedun and Alekperov’s purchase of company’s interest, worth 3 bn RUR in total. [...]