Aug
18
Earlier this July Sibirtelecom issued a financial report under IAS-compliant financial year 2007. The results in general are quite strong – Sibirtelecom demonstrated one of the top rates of sales increase (among fellow IRCs). More to that – OIBDA margin growth rate has also proved to be highest, adding +9.1 p.p. to 33.6%.
[...]
Aug
14
MTS: The art of subscribers’ activity stimulation - August 14, 2008
Filed Under Bullet-moments | Leave a Comment
Last Tuesday, MTS has published its financial results for 2Q and 1H 2008 under US GAAP report. The company has demonstrated good dynamics at all markets, where company runs its business. Among the positive results are: revenue (+10.8% against 1Q 2008), totaling higher than 2.5 bn USD. Moreover, MTS has all opportunities to reach revenue [...]
Aug
13
Agrochemical companies: Favorite fertilizers - August 13, 2008
Filed Under Bullet-moments | Leave a Comment
The market of mineral fertilizers currently undergoes the most interesting period of its existence. Like never before world’s population is close to food crisis, or at least – the high inflation of foods due to active consumption of farming products over last few years. Such background, including undersupply and decrease of farmable grounds, make agrochemical [...]
Aug
5
In the research we continue to analyze WGCs and also reviewing their fundamental prices, on the basis of the financial and production results of 2007.
We have analyzed all WGCs, through discounting cash flows method and put some corrections in our previous forecasts. The changes in our forecasts of fuel and energy [...]
Jul
31
Active energy resources export policy of Russia gives a serious boost for development of transport infrastructure. Over half of country’s extracted oil is exported abroad and to CIS. The primary share of oil transportation is held by Transneft, whilst export of oil products is made through ports mostly. Share of Krasondar Krai’s ports in export [...]
Jul
31
Active energy resources export policy of Russia gives a serious boost for development of transport infrastructure. Over half of country’s extracted oil is exported abroad and to CIS. The primary share of oil transportation is held by Transneft, whilst export of oil products is made through ports mostly. Share of Krasondar Krai’s ports in export [...]
Jul
30
Yesterday, CTC Media has published its 2Q and 1H 2008 US GAAP report. Among new features of the financial report was the consolidation of purchased assets such as DTV channel, Costafilm and Soho Media, the companies producing TV content.
CTC Media’s quarter revenue increased by +26.3%, due to [...]
Jul
22
On July 9th, Transneft published its IAS 2007 report, with results topping market’s expectations, though not finding reflection in dynamics of company’s quotes.
S Transneft’s net income of 2007 under IAS rose +17.9% above prior year (54.861 bn RUR) and formed 64.674 bn RUR.
Company’s sales of 2007 increased [...]
Jul
22
Rostelecom: Waiting for diversification - July 21, 2008
Filed Under Bullet-moments | Leave a Comment
In the beginning of July, Rostelecom has published its IAS 2007 report. As we have mentioned before, company’s report was not surprising and according to main financial results appeared under our expectations. Company’s revenue increased by +11.4%, OIBDA margin rose by +0.7 p.p. and reached 16.5%. Among the operating results, we should point out a [...]
Jul
21
While describing wholesale generating companies (WGCs) last time, WGC-2 and WGC-4 were the only companies, which did not establish their IAS 2007 reports. Now, after they issued their reports, we have made some corrections in our WGCs’ model.
According [...]