OREANDA-NEWS. May 18, 2010. Veles Capital released daily market review:

Positive report of Rosneft by US GAAP in 1Q 2010. In 1Q 2010 Rosneft earned 2.4 bn USD of net profit, imparts the report of the company by US GAAP. That is 18% higher than the similar estimate of the previous year and by 45.2% higher than the result of 4Q 2009. Net profit estimate has also turned out to be insignificantly higher than the market average expectations.

WGC-1 reported by IAS for 2009. Sales of WGC-1 for 2009 totaled 49.3 bn RUR, which is 1% lower than within the similar perious of 2008. The main reason that affected the reduction of the given estimate was the drop of the energy consumption in the regions of SRPS presence and priority unloading of the thermal generation, and also the reduction of the competition prices within the free sector of the power market.

Several power energy companies reported by RAS for 1Q 2010. Yesterday WGC-4, WGC-6, TGC-1 and Mosenergo and FGC output reports by RAS for 1Q 2010.