Sibirtelecom published bad accounting under IFRS for 1 half of 2009

Head of planning and surveying division Siberia RusHydro reported that construction of hydro Evenki with a maximum capacity of 12 GW could cost 600 billion rubles. Currently the company is preparing the impact assessment of construction Evenki power plant on the environment, based on the maximum possible power station at 12 GW. Currently installed power stations RusHydro (including the accident at the Sayan-Shushenskaya GES) is about 20 GW. Thus, the design capacity of Evenki HPS is more than half of the current installed power stations RusHydro. The value of investments of 600 million rubles to 2.5 times higher than current capitalization of the company. In spite of the fact that the decision to begin implementing the construction of the station is currently pending, news on projects of this magnitude can cause a mixed reaction from investors, - says the analyst of investment company Finam Constantine Reilly.

expectancy indexation of tariffs for electricity in 2010 will be 7.6% instead of 5%, as previously planned. Growth rates for the population remains at 10% and the average tariff adjustment in 2010 will increase by 8%. In view of sales at free prices mean rising cost of electricity in the market will be about 14%. The pace of growth in electricity tariff for 2010 will have a positive impact on the financial results of companies, a significant proportion of the proceeds of which differs depending on the tariff: RusHydro, FSK, RAO ES of the East, companies segment IDC. At the same time, income segment of the company OGK-THC in the lower the degree of benefit from such indexing - note the analysts of Finam .

Sibirtelekom published accounts for 1 half of 2009 on International Financial Reporting Standards. Revenues stagnated, mobile business because of strong competition almost did not grow, EBITDA margin fell 2.8 percentage points, while net profit declined by more than half. It's unpleasant, from our point of view, is that management seems incapable of stopping the growth of operating expenses is (blame the radical drop net income - foreign currency debt, deal with that now practically impossible): if the revenue growth of 3 % cost increase was 8% , - analysts note Finam.


More information on these and other analysts' comments Finam you can refer to the section Investments

log in and see the material;;

Your score will be the first!


Analyst Ratings


Net profit of Sberbank for 8 months in 2009 under RAS decreased to 7.4 billion rubles
USA: pessimism as the wind blew
The upcoming meeting of G-20 will form the basis of a new financial world order?
Europe: investors again believe in the growth
Further movement of Russia's stock indices will identify solutions Fed and G 20
The rising trend in the world, Russia's stock segment retains its relevance
Substantive session ended FORTS growth of most contracts
In Russia ban issue to pay taxes
The EU will support Google's legal dispute with the owners of trade marks



Leave a Reply
\