Stock market news

Sberbank

Sberbank's Supervisory Board has approved a new three-year development strategy with a focus on people-centeredness and dividend policy provisions. Details of the new dividend policy and strategy will be presented on December 6 during the Investor Day.

SPB Exchange

SPB Exchange will implement a new development strategy that will focus on trading in ruble-denominated investment instruments. Exchange will also retain and develop projects on the Russian financial market even after the introduction of blocking US sanctions in early November, notes its new CEO Evgeny Serdyukov.

SPB Exchange

First Deputy CEO of SPB Exchange Evgeny Serdyukov will replace Roman Goryunov, who is also leaving the trading floor's Board of Directors. Evgeny Serdyukov will primarily focus on working with counterparties to establish procedures for dealing with sanctions. Main and primary task of SPB Exchange is to provide investors with access to assets, said the tradin...

T-Technologies

Chairman of the Board of Directors of TCS Group Konstantinos Economides has resigned from his position. Economides has worked at TCS Group for 15 years. He was a member of the Board of Directors and has since assumed the position of Chairman. Board is at an advanced stage of identifying and appointing additional directors and therefore plans to propose a new...

Positive Technologies Group

Positive Technologies' IFRS net profit for 9 months of 2023 amounted to ₽0.153 billion, down 13.6 times from ₽2.068 billion in the previous year. Revenue increased 19.4% to ₽8.36 billion compared to ₽7 billion a year earlier.

X5 Group

X5 Retail Group opened a distribution center of the Pyatyorochka retail chain in the Omsk Region. Capacity of the distribution center allows handling 2.5 thousand tons of cargo per day and servicing up to 600 retail outlets. Now the complex provides products for all 204 stores of Pyatyorochka operating in the Omsk region, as well as 27 stores in the Novosibi...

Softline

Softline's RAS net profit for 9 months of 2023 amounted to ₽34.528 million, down 2.7 times from ₽91.688 million in the previous year. Revenue fell 18.2% to ₽21.305 billion against ₽26.052 billion a year earlier.

Vertex Pharmaceuticals

Vertex Pharmaceuticals' GAAP net income for 9 months of 2023 was $2.651 billion, up 5.9% from $2.503 billion in the prior year. Revenue increased 10.9% to $7.352 billion compared to $6.628 billion a year earlier.

Apartment Investment and Management

Aimco's GAAP loss for 9 months of 2023 was $3,952 million, compared to a profit of $297.5 million in the prior year. Revenue declined 7.2% to $137.64 bln vs. $148.38 bln a year earlier.

Alteryx

Alteryx's GAAP loss for 9 months of 2023 was $259 million, down 9.8% from $287 million in the prior year. Revenue increased 11.7% to $619 million from $554 million a year earlier.