Reports » Russia
Russian stock market daily morning report (August 05, 2010, Thursday)
By Veles Capital
On Wednesday the trading session at the Russian share market did not differ much with any type of events. The market began trades with weak reduction due to the foreign background, after which it gradually went positive. Totally there still are no driving factors neither stats, nor ideas. Reaction to the output accounting reports by the Russian companies also is moderate. A bit more significant volatility was indicated on the steel-smelting sector and related sectors representatives. Possibly that was due to some activation of the steel prices.
Main news
NLMC output strong results for 2Q 2010
Sales of the company upped by 33% from 35.3 bn RUR in 1Q 2010 to 46.8 bn RUR in 2Q 2010. Net profit grew by 4.4 times from 2.7 bn RUR in 1Q 2010 to 11.7 bn RUR in 2Q 2010.
Rostelecom summed up results of 1H 2010.
RAS sales of Rostelecom for 1H 2010 formed 28.5 bn RUR, which is 6.8% lower than a year earlier. OIBDA almost did not change and remained at the level of 5.8 bn RUR. Net profit reduced by 5.5% and formed 2.2 bn RUR. Given information contains in the company's message.
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