Moscow, Russia – April 26, 2013 – Rostelecom OJSC (MICEX – RTS:
RTKM, RTKMP; OTCQX: ROSYY) (“the Company”), Russia’s national
telecommunications operator, announces that its Board of Directors has set the
date for the 2012 Annual General Meeting of Shareholders (the “AGM”).
Rostelecom BUYS ADDITIONAL shares in svyazinvest
Moscow, Russia – May 24, 2012 –Rostelecom OJSC (MICEX – RTS: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator,today announces that OJSC National Telecommunications (“NTK”), its wholly-ownedsubsidiary, has won a tender to acquire 1.74 billion ordinary shares(representing a 26% shareholding) in OJSC Mosteleset (“Mosteleset”) for a totalcash consideration of RUB 1.8 billion. Mosteleset, through its wholly-ownedsubsidiary Mostelecom, owns data and pay TV networks in Moscow, which are usedby the NTK Group of companies toprovide services to their subscribers. According to the terms of the tender, itis expected that the sale agreement will be signed and the transactionconcluded in the near future. NTK’s acquisition of a 26% stake in Mostelesetgives Rostelecom 100% control of Mosteleset.
Gazprom Neft has published its unaudited consolidated financial results in accordance with International Financial Reporting Standards (IFRS) for the period ended 31 March 2012.
The Company’s performance improved substantially in 1Q 2012 compared to 1Q 2011 due to higher crude and petroleum product prices, increase in hydrocarbon production, oil refining volumes and sales through premium channels. Revenue grew by 19.8% Y-o-Y to RUB 277,976 million and adjusted EBITDA grew by 10.6% to RUB 79,262 million. Net Profit increased by 21.0% to RUB 48,373 million.
Hydrocarbon production volumes increased by 5.7% Y-o-Y to 108.51 mmboe (14.8 mmtoe) driven by increased development activity and the acquisition of assets in Orenburg at the end of 2011.
Refining throughput increased by 7.8% Y-o-Y to 10.17 million tonnes. Sales through premium channels increased 33% Y-o-Y to 5 mln tonnes and average daily sales per retail site in Russia increased by 36% Y-o-Y (15 t/day).
CAPEX increased by 30.3% Y-o-Y mainly driven by the Company’s investments in new upstream projects and large-scale refinery upgrade programs in Russia and Serbia.
Key performance indicators
|Revenue (RUB million)
|Adjusted EBITDA (RUB million)
|Profit attributable to the shareholders of Gazprom Neft (RUB million)
|Net Debt / EBITDA
|CAPEX (RUB million)
|Hydrocarbons production, including our share in equity affiliates (millions of boe)
|Oil refining throughput at own and equity affiliates refineries (millions of tonnes)
|Sales volume through premium channels (millions of tonnes)
Excerpt from: Gazprom Neft (GZPFY: OTC Link) | Gazprom Neft reports unaudited 3m 2012 results
Moscow, Russia – April 27, 2012 – Rostelecom OJSC (MICEX – RTS: RTKM, RTKMP; OTCQX: ROSYY) (“the Company”), Russia’s national telecommunications operator, announces that its Board of Directors has set the date for this year’s Annual General Meeting of Shareholders (the “AGM”) for June 14, 2012. The AGM will be held at the World Trade Centre’s Congress Centre, Krasnopresnenskaya embankment, 12, Moscow.< ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
NEW YORK (BBH FX Strategy) — We do not expect today’s outsized declines in Russian assets to be the start of a trend and would be inclined to take the recent moves as an opportunity to establish relative value trades within the emerging markets.
In the foreign currency space, we think the Russian Ruble (RUB) can outperform amongst high-beta currencies including the Indian rupee, Turkish lira and South African rand during this pullback in risk appetite. The key difference is the current account balance and oil prices, which are likely to remain supported by geopolitical tensions.
Moreover, the RUB should benefit in the short term from the gradual pricing out of the political risk premium and maybe even a reversal of some outflows as the country gets back to business as usual.
Visit link: Russian Ruble Expected to Bounce Back in Short Term