The RTS index started the day with a significant drop of quotes of the main number of shares. Within half an hour since the trades began the indicator fell lower 900 points level, however, it did not manage to stay lower the psychological border for long. In the afternoon the market was recovering via winning back the morning lows. Sberbank narrowed the gap to the previous close from 10% to 3%, and at MICEX the shares added more than 3%. The situation in the shares of the commodity companies got little better, however the drop wasn’t won back. The shares of Gazprom slipped by 6%, LUKOIL lost 1%, Rosneft – 0.7%. VTB looked better than the market due to positive close.
Main news
Energopromsbit announced the offer to buyback the shares of TGC-14 by the price, lower than the market.
JE RZD and ESN group – Energopromsbit, JSC – announced the offer on TGC-14 shares buyback by the price of 0.002642 RUR per share.
In 1Q 2009 Evraz reduced its sales by almost 2 times, EBITDA – by 4.6 times.
In 1Q 2009 Evraz group reduced its sales by almost twice to 2.413 bn USD, EBITDA – by 4.6 times to 305 mn USD. EBITDA margin totaled 12.6%. The total debt as of March 31 totaled 9.041 bn USD, including 3.775 bn USD of short-term debts. Interest expenses formed 187 mn USD. The cash assets and equivalents as of the end of the given period totaled 855 mn USD.
STC showed weak results by IAS.
Sales of STC by IAS in 2008 totaled 21.3 bn RUR versus 20.2 bn RUR in the previous year. Operating profit dropped from 4 bn RUR to 2.3 bn RUR. In 2008 the company gained net loss in the volume of 671 mn RUR versus net profit a year before in the amount of 1.6 bn RUR.
Other news
- In 2008 Surgutneftegas added supplies.
On behalf of the exploration activities, in 2008 Surgutneftegas provided supplies adding of oil C1 category in the volume of 105 mn tons, or 171% of the oil extraction volume, imparts the message of the company, announced Interfax.
- KMPO will reduce dividends for 2008 by 1.7 times
Shareholders of Kazan engine-building industrial association (KMPO, JSC) decided to pay dividends in the amount of 6.57 RUR per share, nominated in 1 RUR.
