Wimm-Bill-Dann, has published financial results for the 1 st quarter of 2009. The Company's revenues as a result of the devaluation of the ruble has demonstrated the decline of more than 29% in dollar terms. Nevertheless, in ruble terms, revenue VBD remained at 1 quarter of 2008. The drop in sales in the segment of dairy products by more than 5% level out strong results in the beverage segments (an increase of more than 14%), as well as in the segment of baby food, which increased revenues by 27%. We commend the published financial results of Wimm-Bill-Dunne at the end of the year. Optimizing the portfolio of debt, as well as a strong growth in profitability of the company, despite a drop in sales in dollar terms, can support stocks VBD in the medium term - comments the analyst IC FINAM Sergei Philchenkov.
Airlines UTair published results of production for 5 months of 2009. During this period, passenger airlines fell by 2.3% to 1.72 billion passazhirokilometrov, carriage of goods fell by 25.6% to 3.3 thousand tons. Cargo helicopters has increased by 23,0% to 12,7 thousand tons. We appreciate the work the results of the airline for 5 months as a positive. The reduction of transport of goods in the whole industry (decline of 4 months of 2009 to 17.2%), thanks to orders from outside the volume of transport helicopters, which accounted for 70 -80% operating profit company, has grown. In addition, the decline in passenger traffic of over 5 months of 2009, according to our estimates, less than the industry average, - notes the analyst of investment company FINAM Konstantin Romanov.
Gazprom Neft published unaudited interim consolidated financial statements to U.S. GAAP standards for the first quarter of 2008. Revenues fell by 48% relative to that of the 1K 2008. The main factors of such dynamics have been falling an average price of oil Yuralz to 52% drop in oil production at 7.3% and an increase in oil refining to 4.1%. Profitability EBITDA fell by 5 percentage points up to 23%, however, the company has led the industry for this indicator. In general, Gazprom Neft has shown good results in productive activities, as well as good cost control. According to our estimates, published results should positively affect the fundamental value of the shares of the company, - said Alexander Yeremin from FINAM .
representatives of OJSC FGC UES did not preclude the possibility of terminating the contract, IES-Holding Company for the purchase of shares in TGK-6 and TGK-7. IES-Holding in the process of reorganization of RAO UES acquired 34.1% stake in TGK-6 and 32.2% stake in TGK-7. However, the Board of Directors of RAO UES in March last year approved a provision in the installment sale of the package until the third quarter of 2009. At this time, IES-Holding is negotiating with the Ministry of FGC and to get new installments. If the IES-Holding will not be able to negotiate with the Ministry of Energy and the FGC, the stakes in TGK-6 and TGK-7 will remain at the FGC. In this case, uncertainty will grow significantly on the strategic investor, TGK-6 and TGK-7, which will have a negative impact on stocks generating companies. It should be noted that the IES-Holding acquired these stakes, together with partners. For TGK-6 partner IES is the fund Prosperity Capital, in TGK-7 - Gazprom. We believe that in the case of the TGC-7 chance of that of state will be redeemed at the FGC is significantly higher than in the case of TGC-6, as well as Gazprom openly expressed interest in TGC-7 , - says the daily FINAM.
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Forex - Asia
Composite index of Asian shares on Thursday fell to a minimum of 3 weeks
SP 500 fell to the outcome of the 3rd consecutive session, futures on Thursday in a small plus
Forex - results of day
The fall of the Russian market continued on Thursday with a bang
Information provided to the market, no evidence in favor of a new, similar to last year's collapse of quotations of securities
Shares of oil and gas companies are now unattractive to purchase due to vague dynamics of oil prices
Russian blue chips to lose up to 8.5% from its yesterday's closing levels
Wimm-Bill-Dann, has published financial results for the 1 st quarter of 2009
Wimm-Bill-Dann, has published financial results for the 1 st quarter of 2009. The Company's revenues as a result of the devaluation of the ruble has demonstrated the decline of more than 29% in dollar terms. Nevertheless, in ruble terms, revenue VBD remained at 1 quarter of 2008. The drop in sales in the segment of dairy products by more than 5% level out strong results in the beverage segments (an increase of more than 14%), as well as in the segment of baby food, which increased revenues by 27%. We commend the published financial results of Wimm-Bill-Dunne at the end of the year. Optimizing the portfolio of debt, as well as a strong growth in profitability of the company, despite a drop in sales in dollar terms, can support stocks VBD in the medium term - comments the analyst IC FINAM Sergei Philchenkov.
Airlines UTair published results of production for 5 months of 2009. During this period, passenger airlines fell by 2.3% to 1.72 billion passazhirokilometrov, carriage of goods fell by 25.6% to 3.3 thousand tons. Cargo helicopters has increased by 23,0% to 12,7 thousand tons. We appreciate the work the results of the airline for 5 months as a positive. The reduction of transport of goods in the whole industry (decline of 4 months of 2009 to 17.2%), thanks to orders from outside the volume of transport helicopters, which accounted for 70 -80% operating profit company, has grown. In addition, the decline in passenger traffic of over 5 months of 2009, according to our estimates, less than the industry average, - notes the analyst of investment company FINAM Konstantin Romanov.
Gazprom Neft published unaudited interim consolidated financial statements to U.S. GAAP standards for the first quarter of 2008. Revenues fell by 48% relative to that of the 1K 2008. The main factors of such dynamics have been falling an average price of oil Yuralz to 52% drop in oil production at 7.3% and an increase in oil refining to 4.1%. Profitability EBITDA fell by 5 percentage points up to 23%, however, the company has led the industry for this indicator. In general, Gazprom Neft has shown good results in productive activities, as well as good cost control. According to our estimates, published results should positively affect the fundamental value of the shares of the company, - said Alexander Yeremin from FINAM .
representatives of OJSC FGC UES did not preclude the possibility of terminating the contract, IES-Holding Company for the purchase of shares in TGK-6 and TGK-7. IES-Holding in the process of reorganization of RAO UES acquired 34.1% stake in TGK-6 and 32.2% stake in TGK-7. However, the Board of Directors of RAO UES in March last year approved a provision in the installment sale of the package until the third quarter of 2009. At this time, IES-Holding is negotiating with the Ministry of FGC and to get new installments. If the IES-Holding will not be able to negotiate with the Ministry of Energy and the FGC, the stakes in TGK-6 and TGK-7 will remain at the FGC. In this case, uncertainty will grow significantly on the strategic investor, TGK-6 and TGK-7, which will have a negative impact on stocks generating companies. It should be noted that the IES-Holding acquired these stakes, together with partners. For TGK-6 partner IES is the fund Prosperity Capital, in TGK-7 - Gazprom. We believe that in the case of the TGC-7 chance of that of state will be redeemed at the FGC is significantly higher than in the case of TGC-6, as well as Gazprom openly expressed interest in TGC-7 , - says the daily FINAM.
Your grade will be the first!
Analyst Ratings
Mature catchy sentence
Forex - Asia
Composite index of Asian shares on Thursday fell to a minimum of 3 weeks
SP 500 fell to the outcome of the 3rd consecutive session, futures on Thursday in a small plus
Forex - results of day
The fall of the Russian market continued on Thursday with a bang
Information provided to the market, no evidence in favor of a new, similar to last year's collapse of quotations of securities
Shares of oil and gas companies are now unattractive to purchase due to vague dynamics of oil prices
Russian blue chips to lose up to 8.5% from its yesterday's closing levels