Veles Capital Released Daily Russian Market Review
OREANDA-NEWS. July 05, 2010. Veles Capital released daily market review:
TGC-1 reported by IAS for 1Q 2010. Sales of TGC-1 by the results of 1Q 2010 grew versus the similar period of 2009 by 33% to 17.4 bn RUR. Sales growth was related to the raise of regulated and free prices for power energy and capacity and increase of the market liberalization level, ans also due to effective operating of TGC-1 at the market, particularly making free deals on power energy and capacity sale. Besides that the raise of average tariffs on thermal energy and growth of thermal output affected sales impovement.
Volgatelecom summed up the results of 1Q 2010 by IAS. VolgaTelecom summed up the non-audited results of operating in 1Q 2010 according to IAS. By the results of 1Q 2010 operating sales formed 8.5 bn RUR. Profit from operating reached 2 bn RUR within the reported period, while the net profit totaled 1.4 bn RUR.