Aug
12
We revised our financial model of Novorossiysk sea trade port (NMTP) basing on the financial results by IAS for 2008 and for 1Q 2009, and also the operating results of NMTP for 1H 2009. In 2008-2009 the branch of sea transport, and also the sea port infrastructure, faced some serious problems. Late last year the [...]
Aug
12
Sales of Aeroflot in 2008 grew by 21% by IAS to the level of 4.6 bn USD. Expenses of the company were upping by anticipatory rates – 32% versus the level of 2007. At the same time the principal growth belonged to the self cost of shipping, particularly, the expenses of aviation kerosene. The costs [...]
Jul
17
KAMAZ: Debt is scary, but the state provides bail - July 13, 2009
Filed Under Bullet-moments | Comments Off
KAMAZ output the consolidated estimates for 2003 by IAS. According to the data of the report, the sales of the enterprise grew by 1.8% in dollar terms, and in ruble terms – lowered by 0.9% to the level of 96.3 bn RUR. EBITDA of KAMAZ totaled 8.6 bn RUR versus 13 bn RUR a year [...]
Jul
17
AvtoVAZ: Terrible debts - July 13, 2009
Filed Under Bullet-moments | Comments Off
AvtoVAZ output report for 2008 by IAS. The company’s financial estimates turned out to be worse than we expected. Deviation on sales was not bad, but on other estimates – automobile giant was full of surprises. The company gained loss at the operating level in the amount of 25.9 bn RUR versus 8.7 bn RUR [...]
Jul
12
Sales of Volgatelecom, JSC by IAS in 2008 totaled 32.1 bn RUR. Operating profit reduced to 5.5 bn RUR. Net profit reduced to 2.9 bn RUR. Totally the financial estimates of the company remain secure and stable – with no leaps of sales, profitability or profit in 2008.
We consider Volgatelecom to be one of the [...]
Jun
23
Russia’s largest long-distance communication operator – Rostelecom – summed up the results of the previous year by IAS. The sales of the company totaled 66.6 bn RUR, net profit – 12.2 bn RUR. The year 2008 might be called the most successful one for the company within the past 3 years after the liberalization of [...]
Jun
23
Evaluating LUKOIL’s results of 1Q 2009 by US GAAP we should outline the company’s profitability recovery versus the losing 4Q 2008. That was thanks to the effort of the company’s management on optimizing business processes and saving on behalf of the principal production operations. So, the expenses of extraction returned to the level of 2006. [...]
Jun
23
Late May Dalsvyaz output its annual consolidated report by IAS. For now almost all IRCs have reported already. At the background of the other companies, Dalsvyaz looks strong, but not without negative of course.
As a strong moment we outline the most significant sales growth. The main input of the given estimate’s upping was [...]
Jun
16
ZMZ: Together with GAZ? - Not any more! - June 09, 2009
Filed Under Bullet-moments | Leave a Comment
In 2008 ZMZ earned 553 mn USD, which is 10% lower than in 2007. Reduction of ZMZ’ sales was related to the decrease of supplies to the main consumer of plant – GAZ group. At the same time the supplies in physical terms dropped 28%. However, due to upping of shipping engines to UAZ by [...]
Jun
9
Norilsk Nickel: The giant ran upon the sands - May 29, 2009
Filed Under Bullet-moments | Leave a Comment
Norilsk Nickel completed 2008 with net loss by IAS in the amount of 555 mn USD versus the net profit at the level of 5.276 bn USD in 2007. The main reason of closing the last year with loss became the company’s assets depreciation (including WGC-3), the total amount of which totaled 4.728 bn USD. [...]