Департамент торговых идей

Inflation accelerated in May to 0.5% from 0.4% in April. In annual terms, it returned to the level of 5.3% after being below 5% for three months in a row. The rise in prices is widespread with a parallel weakening of the national currency, the administrative reduction of tariffs of state monopolies had a short-term effect and now the costs of services is rising again.

Kazakhtelecom released financial results for 1Q2019, which included the results for Kcell, which affected the Company's financial indicators. In 1Q2019, the Company's total revenue amounted to T88 526 mn, an increase of 71% y/y, mainly due to an increase in revenue from data transfer services to T41 mn (+ 47% y/y), wired and wireless telephone services T23.1 mn (+ 104% y/y) and interconnection services up to T8.9mln (+ 175% y/y). The Company also recognized revenue from the sale of equipment and mobile devices in the amount of T3 526 mn in 1Q2019. The share of revenue in the consumer (B2C) segment was 59%, and the total share in the corporate and government segments (B2B and B2G) accounted for 22% of the total revenue.

According to 1Q2019 results, Aeroflot increased its revenue to RUB 138 041 mn (+23.3% y/y), EBITDA amounted to 21 333 mn RUB (+ 21.2% y/y), the Company's net loss in the reporting period reached RUB 15 746 mn (net loss in 1Q2018 - RUB 10,415 mn). Passenger traffic for 1Q2019 increased to 12 764 thousand people (+ 16.2% y / y) with an increase in the available seat kilometres to 43 043 mn (+ 17.5% y/y) and the growth in revenue passenger kilometres to 33 542 mn (+ 16.7% y/y). The passenger load factor was 77.9% (+0.6 bp).

As a result of higher volumes of oil trading, as well as due to the weakening of the ruble, the financial results of Lukoil in 1Q2019 continued to demonstrate a steady improvement in annual terms.

The unique location of Kazakhstan endowed the country with a high transport and transit potential. Traffic flows from the PRC to Europe and back across the territory of the republic facilitate to unlock this potential. According to different estimates, the republic can host to 20% of these transcontinental flows. Aware of it, the country’s management focused its attention at the development of the transport industry since 2000 to facilitate the large-scale processes of the republic’s economic integration into the global and regional economies. To unlock the potential of the industry the government has introduced a number of respective sectoral programs since that time. 

Yesterday Centerra announced an agreement to extend the deadline for the fulfillment of all conditions precedent under a strategic agreement previously concluded with Kyrgyzstan from May 31, 2019 until July 31, 2019.

A slight decrease in revenue in 1Q2019 by 3% yoy was compensated by a more substantial cost saving by 14% yoy, as a result of which gross profit amounted to T18bn, showing an increase of 33%.

Recovery in oil prices, the tenge exchange rate and relatively good economic growth at about 4% contributed to maintaining a relatively stable state of the budget in Q1 2019. 

According to the 1Q2019 results, KEGOC reported on revenue growth of 43% yoy to T63bn, which was mainly achieved due to revenue of T17bn from the new type of services (preparedness capacity), as well as a smaller discount compared to 1Q2018. (-93% yoy). 

Yesterday, the Board of Directors of Lukoil has recommended to approve the payment of a dividend on the results of 2018 at a rate of 155 rubles/share. This amount does not include the interim dividend paid on the results of the nine months of 2018 at a rate of 95rubles/share. Taking into account the previously paid interim dividend, the total recommended dividend for 2018 is 250 rubles/share, which is 16% higher than the same indicator of the previous year (215 rubles). The fixing of the list for receiving the dividend is expected on July 9.