Severstal reports $192mn net profit in 2q10
Severstal, one of the world’s leading integrated steel and mining companies, has reported a net profit of $192mn in 2q010, compared to a net loss of $785mn in the first quarter.
Severstal, one of the world’s leading integrated steel and mining companies, has reported a net profit of $192mn in 2q010, compared to a net loss of $785mn in the first quarter.
Published: 06.09.2010 17:36
United Shipbuilding Corporation expects to post profit this year
United Shipbuilding Corporation expects all of its companies to post profits this year, said USC president Roman Trotsenko.
United Shipbuilding Corporation expects all of its companies to post profits this year, said USC president Roman Trotsenko.
Published: 06.09.2010 17:35
Sibur buys Novatek’s polymer business
On September 3, Russia’s largest independent gas producer Novatek signed an agreement to sell a 100% equity interest in its subsidiary, Novatek Polymer, to Sibur Holding.
On September 3, Russia’s largest independent gas producer Novatek signed an agreement to sell a 100% equity interest in its subsidiary, Novatek Polymer, to Sibur Holding.
Published: 06.09.2010 17:35
Inter RAO, WorleyParsons set up joint venture for renewable energy
Russian power trader Inter RAO and Australian energy services company WorleyParsons have teamed up to promote new power engineering technologies. Their joint venture, InterRAO-WorleyParsons, was registered in accordance with Russian laws.
Russian power trader Inter RAO and Australian energy services company WorleyParsons have teamed up to promote new power engineering technologies. Their joint venture, InterRAO-WorleyParsons, was registered in accordance with Russian laws.
Published: 06.09.2010 17:30
Russia’s largest optics manufacturer takes two-year loan
Bank Vozrozhdenie has issued a RUR600mn ($19.6mn, or €15.3mn) loan for two years to St Petersburg-based LOMO to replenish the company’s floating capital.
Bank Vozrozhdenie has issued a RUR600mn ($19.6mn, or €15.3mn) loan for two years to St Petersburg-based LOMO to replenish the company’s floating capital.
Published: 06.09.2010 17:24
LUKoil repays $500mn on loan ahead of schedule
Russia’s second largest oil producer LUKoil has partially prepaid the $1.2bn loan it took in August 2009 for three years.
Russia’s second largest oil producer LUKoil has partially prepaid the $1.2bn loan it took in August 2009 for three years.
Published: 06.09.2010 12:27
Uralkali posts $274mn IFRS net profit in 1h10 y-o-y
Russian potash fertiliser producer Uralkali has published financial statement for 1h10 calculated to IFRS. The company’s net profit in the reporting period totalled RUR8.4bn ($273.7mn, or €213.5mn), up 89% year-on-year.
Russian potash fertiliser producer Uralkali has published financial statement for 1h10 calculated to IFRS. The company’s net profit in the reporting period totalled RUR8.4bn ($273.7mn, or €213.5mn), up 89% year-on-year.
Published: 06.09.2010 12:21
Dixy retailer first-half IFRS net profit totals $2.5mn
Dixy Group, one of Russia's leading grocery and household supplies retailers, has posted IFRS net profit of RUR74.8mn ($2.5mn) in January-June 2010 against a net loss of RUR99.1mn ($3mn) in 1h09.
Dixy Group, one of Russia's leading grocery and household supplies retailers, has posted IFRS net profit of RUR74.8mn ($2.5mn) in January-June 2010 against a net loss of RUR99.1mn ($3mn) in 1h09.
Published: 06.09.2010 12:19
Transneft president shocked by possible privatisation of the company
Transneft president Nikolai Tokarev is shocked by the possible sale of a 25% stake in the state oil pipeline monopoly on an open market.
Transneft president Nikolai Tokarev is shocked by the possible sale of a 25% stake in the state oil pipeline monopoly on an open market.
Published: 06.09.2010 12:17
RusNano to take part in several more medical projects
The supervisory board of RusNano has approved the state nanotechnology corporation’s involvement in several more medical projects with a total budget exceeding RUR11bn ($358.4mn, or €279.5mn).
The supervisory board of RusNano has approved the state nanotechnology corporation’s involvement in several more medical projects with a total budget exceeding RUR11bn ($358.4mn, or €279.5mn).
Published: 06.09.2010 12:13
Kaluga Turbine Works manufactures equipment for floating nuclear power plant
Kaluga Turbine Works, a unit of the leading Russian supplier of electric power engineering equipment, Power Machines, has manufactured two 35 MW steam turbine generators for the world’s first floating nuclear thermal power plant Academician Lomonosov.
Kaluga Turbine Works, a unit of the leading Russian supplier of electric power engineering equipment, Power Machines, has manufactured two 35 MW steam turbine generators for the world’s first floating nuclear thermal power plant Academician Lomonosov.
Published: 06.09.2010 12:01
Novatek to increase dividends to RUR1.50 per share
The board of directors of Russia’s second largest gas producer Novatek has approved the payment of interim dividend at RUR1.50 ($0.0487, or €0.0382) per share for the first six months of 2010. Total half-year dividend payment will be RUR4.55bn ($147.7mn, or €116.2mn).
The board of directors of Russia’s second largest gas producer Novatek has approved the payment of interim dividend at RUR1.50 ($0.0487, or €0.0382) per share for the first six months of 2010. Total half-year dividend payment will be RUR4.55bn ($147.7mn, or €116.2mn).
Published: 03.09.2010 19:00
Tatneft’s filling stations unit commissions floating petrol station
Tatneft AZS-Tzentr has commissioned a floating filling station near the river port of Kazan, the first of its kind in Tatarstan.
Tatneft AZS-Tzentr has commissioned a floating filling station near the river port of Kazan, the first of its kind in Tatarstan.
Published: 03.09.2010 18:59
Nanotechnology centres conclude investment agreements with RusNano
Investment agreements to establish nanotechnology centres in Zelenograd, Kazan, Novosibirsk and Tomsk were signed in the Moscow office of the Russian state nanotechnologies corporation RusNano.
Investment agreements to establish nanotechnology centres in Zelenograd, Kazan, Novosibirsk and Tomsk were signed in the Moscow office of the Russian state nanotechnologies corporation RusNano.
Published: 03.09.2010 18:54
Tatneft checked for environmental compliance
A group of leading auditors from Bureau Veritas Certification, the Russian branch of the world’s leading certification body, has conducted an annual check of the integrated management system of industrial, labour and environmental safety of Tatneft for compliance with international standards.
A group of leading auditors from Bureau Veritas Certification, the Russian branch of the world’s leading certification body, has conducted an annual check of the integrated management system of industrial, labour and environmental safety of Tatneft for compliance with international standards.
Published: 03.09.2010 18:44













