OREANDA-NEWS. March 11, 2010. Veles Capital released daily market review:

Financial results of Gazprom Neft for 2009 did not meet the expectations. Net profit of Gazprom Neft for 2009 reduced by 35.3% to the level of 3.01 bn USD, profit for 4Q 2009 slipped versus 3Q by 24.6% and formed 638 mn USD (corrected profit was at 3Q level), comes from the output US GAAP report of the company. Financial results on the net profit turned out to be lower than expected, we forecasted annual estimate in the amount of 1 bn USD.

Board of directors of AvtoVAZ adopted a program of development till 2020. Board of directors of AvtoVAZ, JSC approved at the Wednesday session the enterprise’s development program till 2020 in sum total volume of about 3 bn euro, announced one of the board members to Interfax.

KAMAZ plans to reach the pre-crisis volume of manufacturing by 2013. KAMAZ, JSC plans reaching the pre-crisis volume of manufacturing by 2013, announced the press-cutting service of the company referring to CEO of the JSC Sergey Kogogin.