OREANDA-NEWS. On 19 June 2009 Veles Capital Released Daily Review:

Rostelecom: consolidated results of the year. Yesterday Rostelecom output the report by form 20-F, which includes financial report of the company for 2008 by IAS. According to the document, the sales of the company grew from 64.6 bn RUR in 2007 to 66.6 bn RUR in 2008. Operating profit formed 6.8 bn RUR. The net profit grew by more than 4 times to the level of 12.2 bn RUR.

Volgatelecom announced the annual IAS results. Sales of Volgatelecom in 2008 by IAS totaled 32.1 bn RUR, which is 6.7% higher than the estimate of 2007. The profit from operating activity reduced 5.7 bn RUR in 2007 to 5.5 bn RUR in 2008. Net profit in 2008 reduced by 3.3% versus the estimate of 2007 and totaled 2.9 bn RUR.

Gazprom: Ministry of finance wishes extra 50 bn RUR of MET starting from 2011. Ministry of Finance of RF offers to conduct the upping of mineral extraction tax (MET) for the natural gas from 2011, announced the press-secretary, deputy minister of finance RF Sergey Shatalov.