Stock market news

Magnitogorsk Iron and Steel Works

MMK's sales of marketable steel products for 6 months of 2023 increased by 11.1% to 5.826 million tons. Share of products with high added value decreased by 2.4 p.p. to 43%. Steel production increased by 7.5% to 6.515 million tons and pig iron production increased by 14% to 4.914 million tons. Coal concentrate production increased by 2% to 1.8 million tons,...

X5 Group

X5 Group's net retail revenue for the first six months of 2023 amounted to ₽1.454 trillion, up 17.5% from ₽1.237 trillion in the previous year. Average check was ₽479.8 up 1.2%. LFL sales increased by 7.2% and traffic increased by 5.2%. Revenue from digital businesses totaled ₽52.628 billion, up 56.9% from ₽33.546 billion in the same period last year.

SPB Exchange

SPB Exchange is considering the possibility of participation in the project of a cryptocurrency exchange in Belarus, sources told RBC. Participation in the project is likely to be expressed in the provision of its expertise without entering the capital of the crypto exchange. A representative of SPB Exchange declined to comment.

Novartis

Novartis IFRS net income for 6 months of 2023 amounted to $4.611 billion, up 17.8% from $3.914 billion in the previous year. Revenue increased 5% to $26.575 billion from $25.312 billion a year earlier.

Sollers

Sollers redeemed 1,070,659 ordinary shares. As a result, the authorized capital decreased by 3.3% to 31,486,001 shares.

Mechel

Moscow Arbitration Court granted Gazprombank's claim to recover $244.2 million of debt from Mechel under a syndicated loan for the construction of a universal rail rolling mill at Chelyabinsk Metallurgical Plant. In its 20-F report for 2020, Mechel indicated that forced collection of overdue debt by ECA lenders could lead to cross-defaults on other obligatio...

M.Video

M.Video-Eldorado Group has launched a pilot project for lending to foreign nationals in retail stores as part of the development of the fintech division of its own consumer lending platform, Direct Credit. Registration is available both in a special zone of M.Video and Eldorado stores and with the help of a consultant. Process takes no more than 15 minutes....

MD Medical Group Investments

MD Medical bought a seven-story medical center in Moscow with a total area of 8,755 square meters. In the second half of 2023, MD Group's new multidisciplinary hospital Michurinsky will be launched on the basis of the center. For this purpose, the center will be equipped with new modern medical equipment from leading world manufacturers such as General Elect...

Sollers

Sollers automobile plant in Vladivostok resumed operations today. Enterprise starts production of pilot batches of a new line of pickup trucks, which will be sold on the Russian market under the Sollers brand. Serial production and official presentation of the new pickup models will take place in early September. Company also expects to expand the range of v...

VSMPO-AVISMA Corporation

Board of Directors of VSMPO-AVISMA appointed Dmitry Trifonov, who had been heading Avisma's branch in Perm Krai since 2012, to the post of General Director. Previous CEO Dmitry Osipov left the corporation ahead of schedule in April. Until the appointment of the new head, the duties of the head were entrusted to Nikolay Melnikov, First Deputy General Director...