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4.9.07

Sept 4. MTS increased Q207 US GAAP net profit 72.4%.

Finamrus com 04.09.2007 17:28
http://www.finamrus.com/newtopics/news03957/default.asp
In April-June 2007 Mobile TeleSystems (MTS) generated $507.9 mln in net profit or 72.4% more than in the same period a year ago, the company said in a press release. Meanwhile, sales surged 31.9% to $1,968.6 mln and OIBDA spiked 39.5% to $1,018.7 mln.

3.9.07

Sept 3. United Company RusAl (UC RusAl) could have to reschedule its IPO from November to 2008 because of litigation risks

Finamrus com 03.09.2007 14:04
http://www.finamrus.com/newtopics/news0393C/default.asp
United Company RusAl (UC RusAl) could have to reschedule its IPO from November to 2008 because of litigation risks, Euroweek wrote without naming the source of information. UC RusAl could net some $7.5 bln at the IPO from placing 25% of its securities. The offering should be approved by Britain's Financial Services Authority. "Conflicting demands regarding UC RusAl's ownership and potential litigations after the IPO could complicate FSA's task and, as expected, could lead to a rollback in the IPO timing" – the magazine wrote.

1.9.07

Aug 30. Lukoil set to sign an agreement on Venezuelan project by year-end 2007.

Finamrus com 30.08.2007 17:04
http://www.finamrus.com/newtopics/news03927/default.asp
Russia's No. 1 oil company Lukoil intends to pen an agreement on the execution of a project in Venezuela by the end of 2007, Lukoil CEO Vagit Alekperov said at a press conference Thursday. "We are hopeful that this year we'll have a coordinated contract with Venezuela on the table. We think that this scenario is technically feasible and we are prepared for this" – he said. At the same time, the oil firm's chief executive pointed out that the agreement will be signed on the terms of effective Venezuelan legislation. Currently, Lukoil's professionals are exploring the option of tapping a heavy crude field and executing a demothballing project in Venezuela.