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Reports » Russia

Russian stock market daily morning report (July 30, 2010, Friday)

July 30, 2010, Friday, 09:03 GMT | 04:03 EST | 13:33 IST | 16:03 SGT
Contributed by Veles Capital


By Veles Capital

 

Despite all expectations the Russian share market showed rapid climbing on Thursday. Good stats on unemployment in Germany and the U.S., along with the report by ExxonMobil higher than expected were the principal reasons for the raise at the market. The most significant growth was indicated on the preferred shares oTransneft. Note that positive background is indicated on the given company. In particularly that would be the statement on privatizing of a share of the company, output of good quarter results, and FST having approved the raise of tariffs for the services by Transneft.
 

 

Main news
 

Chelyabinsk Zink Plan output operating results for 2Q 2010.


Net profit of CZP in 2Q 2010 formed 290 mn RUR, which is 28% lower than the profit of 1Q 2010. In 1H 2010 the company gained 691 mn RUR of net profit, while within the similar period of 2009 net loss formed 229 mn RUR.
 

Dalsvyaz: 2Q 2010 RAS results.


Sales of Dalsvyaz in 1H 2010 by RAS formed 7 bn RUR, which is 5.1% higher than last year's estimate. OIBDA upped by 1.4% to the level of 2.5 bn RUR. Net profit formed 1.2 bn RUR versus 1.1 bn RUR a year before.