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27.08.2009, 14:38

VimpelCom posts 2Q 2009 Net Profit of 22.59 billion Roubles

Russian mobile operator, VimpelCom, has posted a 2Q 2009 Net Profit of 22.59 billion Roubles under U.S. GAAP.

27.08.2009, 11:34

X5 posts 1H 2009 Net Income of $48.3 million

X5 Group, Russia's largest retailer, has posted a 1H 2009 Net income of $48.3 million under IFRS.

26.08.2009, 12:06

Gazprom posts 1Q 2009 Net Profit of 110.1 billion Roubles

Russia’s largest gas producer, Gazprom, has posted a 1Q 2009 Net Profit of 110.1 billion Roubles under IFRS.

Novorossiysk Commercial Seaport (Photo from www.nmtp.info) 29.09.2009, 12:56

NCSP posts 1H 2009 Net Profit of $129 million

The operator of Russia’s largest seaport, Novorossiysk Commercial Seaport, or NCSP, has posted a 1H 2009 Net Profit of $129 million under IFRS.

18.08.2010, 08:45

Dual accounting adds to corporate burden and investor confusion

Recent weeks have seen a spate of Russian companies posting first half results. But unlike their global peers most of them need to produce two sets of results – under both RAS and an international standard.

04.11.2009, 20:32 10 comments

Shock GM decision on Opel sale draws ire

The GM decision to back out of the planned sale of a 55% stake in Opel has sparked an angry response in Berlin and concern in Moscow, after months of negotiations went nowhere.

03.07.2009, 16:58 3 comments

Expats in Russia earn more

The 2009 Expat Explorer survey, commissioned by HSBC International, shows that a third of the expats working in Russia earn more than $250,000 per year.

08.10.2009, 21:25

The season of the gold bug

Gold is the strangest of commodities, used essentially only for adornment and investment. But the oldest measure of wealth, and its reemergence this decade, tells us a lot about our world.

27.09.2010, 10:38 3 comments

Greed and good still central to the trade

With the second Wall Street movie hitting Russian cinemas this week, Business T spoke with Alexander Gerchik who spent ten years as a trader in the US about the balance between fact and fiction.

15.06.2009, 20:17 2 comments

BRIC’s get down to business in Yekaterinburg

The group of developing nations known as the BRICs is continuing to build up their reserves with the International Monetary Fund - while denying they want a new currency to rival the dollar.

Rouble stability a key for companies posting 1H results

Published: 27 August, 2009, 21:58


This week has seen a range of companies posting 1H and 2Q earnings results under global standards. A key factor coming through in all has been the effect of Rouble volatility.

 
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