OREANDA-NEWS. On 29 July 2009 Veles Capital released daily review:

TNK-BP Limited reported for 1H 2009 by US GAAP and promises to pay off 1 bn USD of dividends. TNK-BP Limited reported for 1H 2009 by US GAAP. So, within the reported period the net profit of the company lowered by 57.3% versus the similar period of the previous year from 4.68 bn USD to 2 bn USD.

Net profit NOVATEK in 1H 2009 by RAS lowered by 24.4%. RAS net profit of NOVATEK in 1H 2009 reduced by 24.4% imparts Interfax referring to the report of the company.

In 1H 2009 reduced output of gold by 3%, silver – by 2%. Particularly, in 2Q 2009 the output of gold reduced by 11% to 68 thousand ounces, output of silver at the same time upped by 2% to 4.2 mn ounces. In 3Q Polimetal expects significant upping on behalf of higher concentration in the ore from Vorontsovskoe deposit and growth of volumes of processing at Dukat.

Severstal upped the offer to the holders of High River shares by 36%. Lybica Holding B.V., an affiliated structure of Severstal-Resource, upped the offer to holders of High River shares by 36% to 0.3 Canadian USD (about 0.28 USD) versus 0.22 Canadian dollars, offered earlier.

AvtoVAZ might lower the output of vehicles in 2009 by more than twice. AvtoVAZ intends to output 332 thousand vehicles by the end of the current year versus 801.6 thousand vehicles a year before. At the same time 27.7 thousand people might be fired – one fourth of the total stuff volume.