OREANDA-NEWS. September 3, 2010. Veles Capital released daily market review:

LUKOIL outputs financial results according to GAAP for 2Q 2010. Sales revenue showed 29% growth versus the similar period of the previous year. Net profit lost 16% in 2Q 2010. EBITDA reduced by 10%, EBITDA margin shower reduction also

TGK-1 reported for 1H 2010 by IAS. We estimate the output report neutrally due to the common trend of ratable growth of sales and operating expenses has already been visible in RAS report for the given period. Besides, hydro generation assets (46%) are a part of TGK-1 and RusHydro and Fortum are claiming them, so soon their extraction and sale is possible. Due to considerable possibility of reorganization current estimates of the company's activity are of moderate interest as we see them.