Stock market news

United Wagon Company RPC

UWC will be sold to Andrei Bokarev's structures - UMMC or TMH - for about ₽12 billion without taking into account debt restructuring, sources told Vgudok. In the new board of directors of UWC will include CEO of UMMC-Trans Irina Olkhovskaya, and Kirill Lipa from Transmashholding will remain outside the management structures of UWC, which may indicate that th...

Sistema

Sistema has withdrawn from the capital of Sistema SmartTech venture fund, which was established in 2020 to finance early-stage startups. JSC Trans Capital became the new owner of 90% of the fund. Remaining 10% of Sistema SmartTech was retained by Capital Invest LLC, whose beneficiary is Dmitry Sherstobitov. The target amount of the fund is ₽5 billion. When t...

Positive Technologies Group

Investors purchased 13.3 thousand shares of Positive Technologies during the final window of the offer. Total number of securities sold during the year under the offer amounted to 205 thousand shares worth ₽218 million. Main objectives of the SPO of Positive Technologies were to increase the number of long-term investors and improve the liquidity of the shar...

Worthington Industries

Worthington Industries' GAAP net income for 3 months of fiscal 2024 was $99.703 million, up 52.8% from $65.244 million in the prior year. Revenue declined 15.3% to $1.193 billion compared to $1.409 billion a year earlier.

Micron Technology

Micron Technology's GAAP loss for fiscal year 2023 was $5.833 billion, against a profit of $8.687 billion in the previous year. Revenue fell by half to $15.54 bln vs. $30.76 bln a year earlier.

Federal Grid Company - Rosseti

Federal Grid Company-Rosseti's IFRS net profit for 6 months of 2023 amounted to ₽123.87 billion, revenue - ₽678.85 billion. Figures for the same period last year are not disclosed by the company.

Federal Grid Company - Rosseti

Federal Grid Company-Rosseti's RAS net profit for 6 months of 2023 amounted to ₽202.24 billion, up 6.4 times from ₽31.85 billion in the previous year. Revenue rose 27.9% to ₽160.93 billion against ₽125.8 billion a year earlier.

Rosneft Oil Company

Rosneft received a patent for a technology to monitor energy consumption of oil and gas production equipment. Company specialists apply unique algorithms that analyze the digital twin of downhole equipment, simulating the optimal operating mode. Economic effect from the technology application will amount to more than ₽10.7 billion over five years.

Rostelecom

Rostelecom intends to automate software development, data analytics and testing using artificial intelligence on the basis of its own Lukomorye platform within two to three years. Creation of the platform will make it possible to cope with the deficit of IT personnel, which is estimated at 500-700 thousand people in Russia. Operator plans both to use the pla...

Far-Eastern Shipping Company

Fesco launches an intermodal container service from Southeast and East Asia to Moscow via the Chinese port of Dalian and the Zabaikalsk checkpoint. Estimated transit time of delivery is about 30-35 days depending on the port of shipment in Asia. Cargo traffic is based on auto parts, household appliances, foodstuffs and other consumer goods.