Polymetal released operating results for the 4 quarter and full year 2009. In 2009, gold production increased by 9%. In a segment of silver significant changes have occurred, the production of the Group grew in 2009 by 1%, to 17,3 million ounces. In 2009, the company continued its expansion through acquisition of Russian and foreign companies, including the use of additional issue shares. Polymetal not going dorazmeschat remaining volume of issued shares in the autumn of last year. “Polymetal published results reflect the dynamics of fast development, but it rests heavily on short-term cash flows. Suspending the additional placement of issued shares in 2009 could be considered a short-term positive news for shareholders, but in 21000010 they again should not expect dividends,” - commented analyst at Finam Alex Sulina.

Yesterday Group “Dixie” has published the results of operating activities for 2009 Total revenue in the ruble grew by 12% year-to-year and amounted to 54,2 billion rubles. Despite the New Year holidays, the dynamics of total revenue for 4 quarter of 2009 was more modest - about 5% year-to-year. During 2009, the main factor for revenue growth were revenues from retail operations, store-discounters “Dixie”, which account for more than 83% of total group revenues - they rose 11%, from 40.4 billion rubles. to 45,1 billion rubles. “Despite a 12% increase in total revenue Dixie in 2009, comparable sales for the same period decreased by 6.2%. We believe that the countervailing dynamics is a reflection of uncertain consumer demand, and issued statements to evaluate the neutral” - says Eldar Vagabov of “Finam”.

CC PIC announced a new project for the construction of residential property for the Ministry of Defense in Podolsk. The company has already started construction of about 265 thousand square meters. meters of residential property (about 4010 apartments) at the site, provided by the Ministry of Defense. Part of the alleged houses (about 28) will be commissioned in 2010. The total volume of construction, provided by the project involves putting about 1 million square meters. m. residential real estate. “We appreciate the news of the early involvement of PG in the draft CIP. We believe that participation in public procurement of construction projects will provide stable cash flows, as well as the capacity utilization of the company”s (DSC-2, DHA-3),” - notes analyst at Finam Sergei Phylchenkov.

President of Sberbank Gref said that in 2010 the level of bad debts in the banking sector in Russia amount to not less than 20%. Savings Bank is expected to figure slightly lower than the average for the sector. He also said that Sberbank has no plans to disband the reserves in 2010. In accordance with the plans of the bank, in the first half of this year will be doformirovanie reserves, despite the fact that by the end of 2009 the reserve was formed 10,2% -10,3%. Dissolution of possible reserves in 2011-2013. “Statement Savings Bank plans to start a disband the reserves only in 2011 could negatively affect the share prices of the bank. In our opinion, the current market quotes take into account the dissolution of the reserves in 2010. With regard to the delay in the whole banking sector, the estimate of 20% of the loan portfolio looks like, in our view, overly pessimistic, “- says the analyst of investment company” Finam “Konstantin Romanov.

Chairman of Audit Committee reports that the company received a claim for payment of taxes, penalties and fines amounting to 803 million rubles. ($ 27 million) for the period 2005-2006. “We believe that even if the Chairman of Audit Committee does not win the case in court, the lump sum $ 27 million virtually no impact on the fundamental value of the company. Uralkaliya Debt load is very low, ND /EBITDA “09, according to our estimates, 0,24. Cash position strong - the latest published IFRS-reporting (for 1 semester, 2009) the amount of cash on its balance sheet amounts to 9,807 billion rubles. so we appreciate the news as neutral for Uralkaliya “- an analyst Finam Dmitry Terekhov.

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