Russia & CIS Business and Financial Newswire back issues from October 2007:
Gazprom denies reports of impending resignation of senior executive (Part 2).
Oct 01, 2007 ... Gazprom denies reports of impending resignation of senior executive (Part 2) MOSCOW. Oct 1 (Interfax) - Gazprom (RTS: GAZP) refuted on Monday news that the deputy chairman of its Management Committee, Alexander Ananenkov, could resign, two days after Interfax reported such news ....
Karusel's boosts IFRS sales 180% to $343.2 mln in H1 2007.
Oct 01, 2007 ... Karusel's boosts IFRS sales 180% to $343.2 mln in H1 2007 MOSCOW. Oct 1. (Interfax) - The Karusel hypermarket chain increased IFRS sales 180% to $343.2 million for the first half of 2007, the company said in a press release. According to the company's consolidated ...
Results for trading of listed shares in RTS (classic) at 14:00 MSK.
Oct 01, 2007 ... Results for trading of listed shares in RTS (classic) at 14:00 MSK 01.10.2007 Company Min Max Average Account price,$ price,$ price,$ Sistema Joint Stock - - - - Aeroflot - - - - Pharmacy Chain 36.6 - - - - ARMADA - - - - Severstal - - - - Chelyabinsk zinc ...
NWT plans to complete sale of 15% stake in Telecominvest by mid-Oct.
Oct 01, 2007 ... NWT plans to complete sale of 15% stake in Telecominvest by mid-Oct ST. PETERSBURG. Oct 1 (Interfax) - North-West Telecom (NWT) (RTS: SPTL) is planning to wrap up the sale of a 15% stake in Telecominvest before the middle of October 2007, the NWT press service told Interfax. ...
Renova starts syndicating $500-mln bridge loan at LIBOR+1.25%-1.5% - source.
Oct 01, 2007 ... Renova starts syndicating $500-mln bridge loan at LIBOR+1.25%-1.5% - source MOSCOW. Oct 1 (Interfax) - Viktor Vekselberg's Renova Group has started to syndicate a bridge loan of $500 million for a future Eurobond offering, ...
Former Centerra VP made president of Kumtor Operating.
Oct 01, 2007 ... Former Centerra VP made president of Kumtor Operating BISHKEK. Oct 1. (Interfax) - Gordon D. Reid was made president of the Kumtor Operating Company on October 1, the company said in an announcement. Reid had been the vice-president of business development at ...
TNK-BP sends RFP for $1-bln bridge loan - sources.
Oct 01, 2007 ... TNK-BP sends RFP for $1-bln bridge loan - sources MOSCOW. Oct 1 (Interfax) - TNK(RTS: TNKO)-BP has sent a request for proposals (RFP) to investment banks for a short-term syndicated loan of $1 billion, sources in banking circles told ...
UC RUSAL opens trade representative office in Switzerland.
Oct 01, 2007 ... UC RUSAL opens trade representative office in Switzerland MOSCOW. Oct 1 (Interfax) - United Company RUSAL, the world's largest producer of aluminium and alumina, has opened RUSAL Marketing, the company's main trade office located in Zug, Switzerland, the company said in a ...
Tymoshenko Bloc ahead in Ukrainian elections with 49% of votes counted.
Oct 01, 2007 ... Tymoshenko Bloc ahead in Ukrainian elections with 49% of votes counted KYIV. October 1 (Interfax) The Yulia Tymoshenko Bloc is heading the vote count in Ukraine's early parliamentary elections, polling 33.34% of the vote with 49.31% of votes counted. The Party of ...
RTS Index at 15:00 MSK.
Oct 01, 2007 ... RTS Index at 15:00 MSK 01.10.2007 RTS RTS V classic, V T+0, V aggr, Time Index,$ Index,rub mln $ mln rub mln rub 15:05:00 2056.71 11538.90 23.093 7.926 584.08 15:00:00 2057.84 11545.24 - - - 14:30:00 2056.15 11535.76 - - - 14:00:00 2055.41 11531.60 - - - 13:30:00 ...
Rostropovich-Vishnevskaya collection to be displayed by Christmas.
Oct 01, 2007 ... Rostropovich-Vishnevskaya collection to be displayed by Christmas MOSCOW. Oct 1 (Interfax) - The Rostropovich-Vishnevskaya art collection will be displayed at the Constantine (Konstantinovsky) Palace by Christmas, Russian businessman Alisher Usmanov, who bought the collection ...
Russia likely to harvest 85Mln tonnes of grain in 2007 - Gordeyev.
Oct 01, 2007 ... Russia likely to harvest 85Mln tonnes of grain in 2007 - Gordeyev MOSCOW. Oct 1 (Interfax) - Russia's gross grain harvest is predicted at 85 million tonnes in 2007, Agriculture Minister Alexei Gordeyev said. "Ninety-six percent of the grain harvest has been threshed, ...
Kudrin wants to increase RSHB capitalization by 5.7 Bln rubles in 2007.
Oct 01, 2007 ... Kudrin wants to increase RSHB capitalization by 5.7 Bln rubles in 2007 MOSCOW. Oct 1 (Interfax) - Finance Minister Alexei Kudrin wants to increase Rosselkhozbank (RSHB) capitalization by 5.7 billion rubles this year. "I think this is a good idea," he said Friday at a ...
Results for trading of listed shares in RTS (prefunded) at 15:00 MSK.
Oct 01, 2007 ... Results for trading of listed shares in RTS (prefunded) at 15:00 MSK 01.10.2007 Company Best Best Last, Cur.vol., Cur.vol., bid,rub ask,rub rub rub shares Sistema Joint Stock 32250 35500 - - - Aeroflot - 80 - - - Pharmacy Chain 36.6 1766 1940 - - - ARMADA ...
Lukoil denies failing to meet export targets in Q2, Q3.
Oct 01, 2007 ... Lukoil denies failing to meet export targets in Q2, Q3 MOSCOW. Oct 1 (Interfax) - Lukoil (RTS: LKOH) denied that it had failed to meet oil export targets in the second and third quarters of this year. "True, in the second quarter of 2007, Lukoil exported 1.061 ...
Results for trading of listed shares in RTS (classic) at 14:00 MSK.
Oct 01, 2007 ... Results for trading of listed shares in RTS (classic) at 14:00 MSK 01.10.2007 Company Best Best Last, Cur.vol., Cur.vol., bid,$ ask,$ $ $ shares Sistema Joint Stock 1350 1362 - - - Aeroflot 3 3.35 - - - Pharmacy Chain 36.6 74 77 - - - ARMADA 18 18.99 - - - ...
Interconnector completes third phase of Belgium-UK gas pipeline enhancement.
Oct 01, 2007 ... Interconnector completes third phase of Belgium-UK gas pipeline enhancement MOSCOW. Oct 1 (Interfax) - Interconnector (UK) Limited, the operator of a sub-sea pipeline and terminal facilities connecting the UK and Continental Europe, announced the completion of the third phase of ...
SibirTelecom ups IFRS earnings 6% in H1 (Part 3).
Oct 01, 2007 ... SibirTelecom ups IFRS earnings 6% in H1 (Part 3) MOSCOW. Oct 1 (Interfax) - SibirTelecom (RTS: ENCO), the incumbent fixed line provider in Siberia, raised net profit to International Financial Reporting Standards (IFRS) 6% year-on-year in the first half of 2007 to 1.932 billion ...
Kazakhstan reports September inflation of 2.2%.
Oct 01, 2007 ... Kazakhstan reports September inflation of 2.2% ALMATY. Oct 1 (Interfax) - Inflation in Kazakhstan stood at 2.2% in September, compared with 0.7% in August, the State Statistical Agency told Interfax on Monday. In September, the price of food went up 3.5% and that of ...
Results for trading of listed shares in RTS (prefunded) at 17:00 MSK.
Oct 01, 2007 ... Results for trading of listed shares in RTS (prefunded) at 17:00 MSK 01.10.2007 Company Min Max Average Account price,rub price,rub price,rub Sistema Joint Stock - - - - Aeroflot - - - - Pharmacy Chain 36.6 - - - - ARMADA - - - - Severstal 505 523 505.051 ...
Georgia's TBC Bank buys 75% of Azerbaijan's COA Credit.
Oct 01, 2007 ... Georgia's TBC Bank buys 75% of Azerbaijan's COA Credit TBILISI. Oct 1 (Interfax) - TBC Bank, the second largest commercial bank in Georgia, bought 75% of Azerbaijani lender COA Credit for about $10 million, TBC Bank president Vakhtang Butskhrikidze told Interfax. COA ...
Putin: upward revision of GDP forecast should help tackle social issues (Part 2).
Oct 01, 2007 ... Putin: upward revision of GDP forecast should help tackle social issues (Part 2) MOSCOW. Oct 1 (Interfax) - The upward revision of the country's socioeconomic development for 2007 provides an opportunity to tackle social issues, President Vladimir Putin said. Putin ...
Siemens, Intra-Bau ready to complete Syktyvkar airport.
Oct 01, 2007 ... Siemens, Intra-Bau ready to complete Syktyvkar airport SYKTYVKAR. Oct 1 (Interfax) - Siemens and Intra-Bau are ready to bid in a tender for a contract to complete construction of an airport in Syktyvkar, the Komi Republic government said in a press release. First ...
Volchansky Ugol reduces coal output 16% in 9 mths.
Oct 01, 2007 ... Volchansky Ugol reduces coal output 16% in 9 mths YEKATERINBURG. Oct 1 (Interfax) - Volchansky Ugol, a coal producer from the Sverdlovsk region, reduced coal output 15.9% year-on-year in January-September to 845,015 tonnes, the company told Interfax. The company's ...
Results of Interregional Trading for OFZ & OBR.
Oct 01, 2007 ... Results of Interregional Trading for OFZ & OBR 01.10.2007 Mat. Issue Days Trade vol,Close, %Chg. YTM Quantity to mat Mln.Rbs 02.11.12 26198 1859 13.681 99.010 0.01 6.54 4 11.07.12 26199 1745 9.994 99.750-0.10 6.27 6 11.03.09 27026 527 0.000 0.000 - 6.40 0 10.09.08 ...
Daily Headline News for October 1, 2007.
Oct 01, 2007 ... Daily Headline News for October 1, 2007 Digest of headline news as of 5:30 p.m. Moscow time on October 1: BUSINESS & ECONOMY *** PUTIN DOUBTS APPROPRIATENESS OF MAJOR BUSINESSMEN BECOMING MPS Russian President Vladimir Putin has said he doubts whether it is ...
System Operator to buy one share in each TGK, OGK.
Oct 01, 2007 ... System Operator to buy one share in each TGK, OGK MOSCOW. Oct 1 (Interfax) - System Operator will purchase one share in each TGK and OGK in connection with shareholder agreements to be concluded between UES and the generating companies, UES Russia (RTS: EESR) said in a press ...
Ukrtransnafta to increase oil pumping 16% in 2007.
Oct 01, 2007 ... Ukrtransnafta to increase oil pumping 16% in 2007 KYIV. Oct 1 (Interfax) - Ukrtransnafta, the operator for Ukraine's oil pipeline system, plans to pump 15.7% more oil this year than in 2006 at 52 million tonnes, head engineer Vladimir Vasilyuk told reporters Friday at the fifth ...
Main fuel and energy complex events on Tuesday, October 2:.
Oct 01, 2007 ... Main fuel and energy complex events on Tuesday, October 2: The executive committee of the Russian Union of Industrialists and Entrepreneurs (RUIE) will consider a general scheme for setting up electricity facilities for the period until 2020. In addition, the committee will ...
USMANOV EXPECTS TO COMPLETE TALKS WITH TELIASONERA ABOUT ACQUIRING STAKE IN TELECOMINVEST IN OCT.
Oct 01, 2007 ... USMANOV EXPECTS TO COMPLETE TALKS WITH TELIASONERA ABOUT ...
Georgian foreign debt tops $4 bln in H1.
Oct 01, 2007 ... Georgian foreign debt tops $4 bln in H1 TBILISI. Oct 1 (Interfax) - Georgia's aggregate foreign debt, in the International Monetary Fund definition, stood at $4.057 billion on June 30, a source at the National Bank told Interfax. This included $1.502 billion of state ...
Renova starts syndicating $500-mln bridge-loan - source (Part 2).
Oct 01, 2007 ... Renova starts syndicating $500-mln bridge-loan - source (Part 2) MOSCOW. Oct 1 (Interfax) - Viktor Vekselberg's Renova Group has started to syndicate a bridge loan of $500 million for a future Eurobond offering, a source in banking circles told Interfax. "The ...
Kommersant ready to cooperate with Axel Springer Russia, no deal as yet.
Oct 01, 2007 ... Kommersant ready to cooperate with Axel Springer Russia, no deal as yet MOSCOW. Oct 1 (Interfax) - The Kommersant Publishing House is ready for negotiations with Axel Springer Russia, which releases the Russian editions of Forbes and Newsweek. "We are ready to ...
Usmanov not dismissing talk of buying spree in media sector.
Oct 01, 2007 ... Usmanov not dismissing talk of buying spree in media sector MOSCOW, Oct 1 (Interfax) - Russian businessman Alisher Usmanov declined to comment in detail on media reports claiming that he has plans to acquire stakes in the Russian versions of the Forbes and Newsweek magazines, ...
Usmanov could wrap Telecominvest talks up in Oct (Part 2).
Oct 01, 2007 ... Usmanov could wrap Telecominvest talks up in Oct (Part 2) MOSCOW. Oct 1 (Interfax) - Russian billionaire Alisher Usmanov expects to wrap up talks with Scandinavian holding company TeliaSonera on the acquisition of a stake in Telecominvest in October. "Talks with ...
Beltransgaz supervisory board confirms general director.
Oct 01, 2007 ... Beltransgaz supervisory board confirms general director MINSK. Oct 1 (Interfax) - The supervisory board at Beltransgaz confirmed Vladimir Mayorov as general director at a meeting on September 28, Beltransgaz spokesman Vladimir Chekov said. Mayorov had been the acting ...
Usmanov to exhibit Rostropovich collection at Konstantinovsky Palace (Part 2).
Oct 01, 2007 ... Usmanov to exhibit Rostropovich collection at Konstantinovsky Palace (Part 2) MOSCOW. Oct 1 (Interfax) - Russian businessman Alisher Usmanov, who has acquired the Rostropovich-Vishnevskaya collection, will transfer the collection to the Konstantinovsky Palace in the St ....
RTS Index at 17:00 MSK.
Oct 01, 2007 ... RTS Index at 17:00 MSK 01.10.2007 RTS RTS V classic, V T+0, V aggr, Time Index,$ Index,rub mln $ mln rub mln rub 17:05:00 2040.55 11448.23 44.795 29.579 1147.18 17:00:00 2040.37 11447.22 - - - 16:30:00 2039.64 11443.13 - - - 16:00:00 2043.65 11465.63 - - - 15:30:00 ...
Govt to start divesting RSHB interest in 2010.
Oct 01, 2007 ... Govt to start divesting RSHB interest in 2010 MOSCOW. Oct 1 (Interfax) - The government will start to divest its 100% interest in Russian Agriculture Bank (Rosselkhozbank, RSHB) from 2010 and will be left with 50% plus one share by 2013-2015, the bank said. The ...
Customs revenue reaches 2.245 trillion rubles in 9 mths.
Oct 01, 2007 ... Customs revenue reaches 2.245 trillion rubles in 9 mths MOSCOW. Oct 1 (Interfax) - Federal customs revenue came to just under 2.245 trillion rubles in January-September, ...
Results for trading of listed shares in RTS (classic) at 11:00 MSK.
Oct 01, 2007 ... Results for trading of listed shares in RTS (classic) at 11:00 MSK 01.10.2007 Company Best Best Last, Cur.vol., Cur.vol., bid,$ ask,$ $ $ shares Sistema Joint Stock 1350 1362 - - - Aeroflot 3 3.35 - - - Pharmacy Chain 36.6 74 77 - - - ARMADA 18 18.99 - - - ...
Georgia boosts FDI 45% in H1 2007.
Oct 01, 2007 ... Georgia boosts FDI 45% in H1 2007 TBILISI. Sept 28. (Interfax)- Foreign direct investment (FDI) into Georgia for the first half of 2007 increased 45% year-on-year to $656.8 million, the Georgian department of statistics told Interfax. In the second quarter of 2007, ...
Kazakh foreign debt up 24.3% in H1.
Oct 01, 2007 ... Kazakh foreign debt up 24.3% in H1 ALMATY. Oct 1 (Interfax) - Kazakhstan's gross foreign debt stood at $92.076 billion on June 30, 2007, up 24.3% from $74.023 billion at the start of this year, the National Bank of Kazakhstan said on its website. The share of state ...
Nizhnekamskneftekhim ups output 22.9% in 8 mths.
Oct 01, 2007 ... Nizhnekamskneftekhim ups output 22.9% in 8 mths KAZAN. Oct 1 (Interfax) - Tatarstan petrochemical concern Nizhnekamskneftekhim (RTS: NKNC) produced output worth 36.145 billion rubles in the first eight months of the year, 22.9% more than in the same period last year, the company ...
Belarusbank ups credit line limits from foreign banks by 47%.
Oct 01, 2007 ... Belarusbank ups credit line limits from foreign banks by 47% MINSK. Oct 1 (Interfax) - Credit line limits extended to Belarusbank by foreign banks topped $930 million on September 1, which was 47% more than at the beginning of the year, a source at the top Belarussian bank told ...
Usmanov holding talks on increase in Telecominvest stake (Part 3).
Oct 01, 2007 ... Usmanov holding talks on increase in Telecominvest stake (Part 3) MOSCOW. Oct 1 (Interfax) - Russian billionaire Alisher Usmanov has confirmed that he is holding negotiations with Telecominvest shareholders on an increase in his stake in the company. Usmanov said it ...
Gazprombank prepares bond issues for 50Bln rubles, possibly before year- end (Part 3).
Oct 01, 2007 ... Gazprombank prepares bond issues for 50Bln rubles, possibly before year- end (Part 3) MOSCOW. Oct 1 (Interfax) - Gazprombank plans to place three new bond issues totaling 50 billion rubles, possibly before year-end, the bank reported. The board of directors approved ...
Results for trading of listed shares in RTS (classic) at 13:00 MSK.
Oct 01, 2007 ... Results for trading of listed shares in RTS (classic) at 13:00 MSK 01.10.2007 Company Min Max Average Account price,$ price,$ price,$ Sistema Joint Stock - - - - Aeroflot - - - - Pharmacy Chain 36.6 - - - - ARMADA - - - - Severstal - - - - Chelyabinsk zinc ...
UES board approves sale of TGK shares held by energos.
Oct 01, 2007 ... UES board approves sale of TGK shares held by energos MOSCOW. Oct 1 (Interfax) - The board of directors at UES Russia (RTS: EESR) has approved the plan for selling stakes in the TGK generating companies held by the retail companies that will retain their energo branding, UES ...
Allianz buys Kazakh insurer from ATF Bank for $30 mln.
Oct 01, 2007 ... Allianz buys Kazakh insurer from ATF Bank for $30 mln ALMATY. Oct 1 (Interfax) - German insurance concern Allianz has purchased 100% of shares in Kazakh insurer ATF-Polis from ATF Bank for $30 million, the bank said in a press release. The deal was closed on September ...
CB to quote ruble at 24.8784 rubles/$1 and 35.4443 rubles/EUR1 on October 2.
Oct 01, 2007 ... CB to quote ruble at 24.8784 rubles/$1 and 35.4443 rubles/EUR1 on October 2 MOSCOW. October 1 (Interfax) - The Central Bank of Russia will quote the U.S. dollar at 24.8784 rubles/$1 on October 2, 0.28% down from the previous ...
Results for trading of listed shares in RTS (prefunded) at 12:00 MSK.
Oct 01, 2007 ... Results for trading of listed shares in RTS (prefunded) at 12:00 MSK 01.10.2007 Company Best Best Last, Cur.vol., Cur.vol., bid,rub ask,rub rub rub shares Sistema Joint Stock 32200 35500 - - - Aeroflot - 80 - - - Pharmacy Chain 36.6 1766 1940 - - - ARMADA ...
Ministry proposes investment tenders for six strategic deposits (Part 2).
Oct 01, 2007 ... Ministry proposes investment tenders for six strategic deposits (Part 2) MOSCOW. Oct 1 (Interfax) - The Russian Natural Resources Ministry has proposed organizing tenders for the right to develop six unique strategic deposits of mineral resources, Natural Resources Minister Yury ...
Stabilization Fund grows $8.14 bln to $141.05 bln in September (Part 2).
Oct 01, 2007 ... Stabilization Fund grows $8.14 bln to $141.05 bln in September (Part 2) MOSCOW. Oct 1 (Interfax) - The Stabilization Fund, which collects windfall oil revenue, grew 110.02 billion rubles ($8.14 billion) during September to 3.519 trillion rubles ($141.05 billion) as of October 1, ...
Rostropovich-Vishnevskaya collection to be displayed by Christmas.
Oct 01, 2007 ... Rostropovich-Vishnevskaya collection to be displayed by Christmas MOSCOW. Oct 1 (Interfax) - The Rostropovich-Vishnevskaya art collection will be displayed at the Constantine (Konstantinovsky) Palace by Christmas, Russian businessman Alisher Usmanov, who bought the collection ...
Results for trading of listed shares in RTS (prefunded) at 13:00 MSK.
Oct 01, 2007 ... Results for trading of listed shares in RTS (prefunded) at 13:00 MSK 01.10.2007 Company Best Best Last, Cur.vol., Cur.vol., bid,rub ask,rub rub rub shares Sistema Joint Stock 32200 35500 - - - Aeroflot - 80 - - - Pharmacy Chain 36.6 1766 1940 - - - ARMADA ...
RZD planning to raise 140 bln rubles in foreign borrowings in 2008.
Oct 01, 2007 ... RZD planning to raise 140 bln rubles in foreign borrowings in 2008 MOSCOW. Oct 1 (Interfax) - Russian Railways (RZD) (RTS: RZHD) is planning to raise 140 billion rubles in foreign borrowings in 2008, RZD ...
Seventh Continent net profit up 61% in H1 (Part 2).
Oct 01, 2007 ... Seventh Continent net profit up 61% in H1 (Part 2) MOSCOW. Oct 1 (Interfax) - Seventh Continent (RTS: SCON) posted net profit of $51.2 million in the first half of 2007, up 61% from the same period of 2006, the company said in a press release. The result was higher ...
SibirTelecom ups IFRS earnings 6% in H1 (Part 2).
Oct 01, 2007 ... SibirTelecom ups IFRS earnings 6% in H1 (Part 2) MOSCOW. Oct 1 (Interfax) - SibirTelecom (RTS: ENCO), the incumbent fixed line provider in Siberia, raised net profit to International Financial Reporting Standards (IFRS) 6% year-on-year in the first half of 2007 to 1.932 billion ...
China sets up investment company to manage gold and forex reserves.
Oct 01, 2007 ... China sets up investment company to manage gold and forex reserves BEIJING. Oct 1 (Interfax-China) - China Investment Corporate Ltd. (CIC), a company set up recently to help more effectively manage China's huge forex reserves, has started operations. The ...
Cherkizovo plans capital costs for 2008 over $150 Mln.
Oct 01, 2007 ... Cherkizovo plans capital costs for 2008 over $150 Mln MOSCOW. Oct 1 (Interfax) - Cherkizovo Group plans capital costs for 2008 slightly higher than in 2007, General Director Sergei Mikhailov said in a teleconference for analysts and investors. Company financial ...
Russia's foreign debt up 24% in first half of 2007 - Central Bank.
Oct 01, 2007 ... Russia's foreign debt up 24% in first half of 2007 - Central Bank MOSCOW. Oct 1 (Interfax) - The debt owed by Russian organizations to non-residents increased by 24.2% in the first half of 2007, from $309.7 billion to $384.8 billion, a statement posted on the Central Bank's ...
TNK-BP sends RFP for $1-bln bridge loan - sources (Part 2).
Oct 01, 2007 ... TNK-BP sends RFP for $1-bln bridge loan - sources (Part 2) MOSCOW. Oct 1 (Interfax) - TNK(RTS: TNKO)-BP has sent a request for proposals (RFP) to investment banks for a short-term syndicated loan of $1 billion, sources in banking circles told Interfax. "This will be a ...
IMF mission heads to Russia to evaluate financial sector.
Oct 01, 2007 ... IMF mission heads to Russia to evaluate financial sector MOSCOW. Oct 1 (Interfax) - An IMF mission will arrive in Moscow on Monday to evaluate the Russian financial sector. The mission will spend two weeks in Russia, a source at the IMF told Interfax. IMF ...
Timan Oil & Gas sees loss grow 29% in H1.
Oct 01, 2007 ... Timan Oil & Gas sees loss grow 29% in H1 MOSCOW. Oct 1 (Interfax) - Timan Oil & Gas Plc (TOG), a British company that owns assets in Russia's Timan-Pechora region and the Caspian, reported net losses up 29% year-on-year to 5.265 million pounds ($10.53 million). ...