Corporate Results

24.05.2012 19:25 1 comment Severstal sees smaller than expected profit fall Russia's largest steelmaker Severstal saw 2012 first quarter net profit fall 7.8% quarter-on-quarter to $427 million, still beating analysts’ forecasts.		21.05.2012 19:06 10 comments Facebook bubble begins to deflate? Facebook stock slumped as much as 13% at 9:50am EDT in a second day of public trading for the world's most popular social network, dispelling investors’ hopes for large initial increases and possible profits in the first days of Facebook trading.
18.05.2012 17:12 1 comment Nordgold weak after split from Severstal Russia’s third-largest gold miner Nordgold reported on Friday its net income dropped to $60 million in the first quarter of 2012, or 30% compared to last year, after its gold sales fell 10%.		18.05.2012 15:44 4 comments JPMorgan loss: Even worse than we thought? As the largest US financial firm by assets struggles to contain damage which has already cost it more than $25 bln in shareholder value, the Wall Street Journal has provided new details on the scope of JPMorgan’s losses.
17.05.2012 16:56 NLMK posts good 1Q results, indicating market recovery Major Russian metals producer Novolipetsk Steel (NLMK) reported a 13% growth in profit in the first quarter of 2012, despite a seasonal slowdown in demand and dropping metal prices.		15.05.2012 15:58 1 comment Dixy net result up threefold in 2011 as Russia consumer confidence firms One of Russia’s largest food retailers, Dixy boosted all of its key financials in 2011. This mostly came on the back of increased sales, as Russians are becoming more confident about the economic outlook.
14.05.2012 13:43 Rusal may start ‘company sanitation’ as falling aluminium weighs Russia´s aluminium giant Rusal may start getting rid of inefficient capacities in the second half of 2012, as its financials say the company is losing the status as the world’s most efficient company. Falling aluminium prices are to blame.		27.04.2012 12:51 1 comment Gazprom 2011 net profit jumps 35% Russian gas export monopoly Gazprom pleasantly surprised market analysts, reporting nearly $45 billion in net profit last year – a rise of 35 per cent, owed to growing gas production and strong energy prices.
26.04.2012 17:24 4 comments No fear of Google: Yandex reports profit up and expansion plans Russia’s leading search engine Yandex showed a 51% jump of its net profit to $42 million in the first quarter of 2012.		25.04.2012 14:16 Russia’s second largest bank VTB posts record net profit in 2011 ahead of privatization Russia’s second largest bank VTB boosted its net profit up to the record high of $3bln roubles in 2011, showing a 65% growth year on year. Despite that the results were below estimations due to the weaker results in 4Q.
24.04.2012 11:18 3 comments Facebook 1Q profit down ahead of IPO Facebook’s quarterly profits slip despite a surge in revenue, as the company boosted research and promotion expenses ahead of its IPO, which will be the biggest ever Internet stock market launch.		11.04.2012 14:47 1 comment Potash producer Uralkali reported 41% revenue growth after successful merger Uralkali, world largest potash producer, reported a 41% growth in revenue in 2011 after merging with another Russia’s mineral fertilizer manufacturer Silvinit. Growing global demand for fertilizers and high prices for crops boosted Uralkali’s sales.
11.04.2012 10:08 Market Buzz: Russian indices forging ahead into black Most Asian share markets are lower in early trade on Wednesday, after a sharp rise in Spanish and Italian borrowing costs heated up concerns about Europe’s debt.		09.04.2012 13:04 Sony: Slash more flesh Sony has joined the global list of firms trying return to profit by a massive downsizing. The electronics and software giant is expected to slash 10,000 jobs.
05.04.2012 19:54 1 comment VTB calls for international accounting for Russian banks The head of Russia's second largest bank wants all the country's lending institutions to adopt international financial reporting standards (IFRS), to reduce cost.		28.03.2012 16:45 1 comment Sberbank profits surge in 2011, but still below forecast Russia’s state run Sberbank has increased its net profit 74% year on year in 2011. The results are lower than expected, yet the banks small involvement in European operations seems to have served it a good service.
16.03.2012 16:35 1 comment Cash flows and oil spills for Shell’s directors The CEO of the Royal Dutch Shell oil company Peter Voser earned more than $16.3 million last year amid surging oil prices, though the company was responsible for more than 200 spills last year.		13.03.2012 17:20 Mobile operators to do data battle in 2012 The battle for market share among Russia’s big mobile operators is having an effect on their bottom line. Analysts say the fight for subscribers will now move to mobile internet as, MTS, Vimpelcom, and Megafon continue to struggle for supremacy.
11.03.2012 19:29 3 comments State assets to pay 25% dividends Russian authorities plan to force state-controlled companies to dip into their pockets by requiring them to pay 25% of their soaring profits in dividends to shareholders.		01.03.2012 15:49 Lukoil lags behind market in 2011 results Russia’s biggest non-state owned oil company Lukoil has posted below par figures for 2011. The company had to write off assets in Russia’s North West which has eaten into its profits.

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