Stock market news

Sollers

Sollers company agreed to organize the production of light commercial vehicles at the facilities of Azerbaijan Azermash using components imported from Russia. After cessation of production of Ford Transit light trucks in Elabuga of Tatarstan last year, Sollers group started to produce cars under its own brand Sollers on the facilities of the former JV with F...

Mobile TeleSystems

MTS' IFRS net income for 3 months of 2023 was ₽12.7 billion, a three-fold increase from ₽4.02 billion a year earlier. Revenue increased by 5.8% to ₽139.6bn compared to ₽131.97bn a year earlier.

Segezha Group

Board of Directors of Segezha Group recommended not paying dividends for 2022. At a time of economic turbulence and the need to adapt to the new business reality, it is important for the company to maintain financial stability and sustainability, Mikhail Shamolin, president of the company, explained the decision. The priority is the gradual reduction of the...

Raspadskaya

Raspadskaya plans to increase its annual coal production to 35 million tonnes and is considering expanding its product portfolio to include premium coking coal as well as thermal coal grades used to produce pulverized coal fuel for steelmakers. In part, the company plans to achieve this through the development of production at the existing facilities, and al...

Pharmsynthesis

Pharmsintez's loss under IFRS for 2022 was ₽207.49 million, down 3.4 times from ₽697.55 million in the previous year. Revenue was down 13.4% to ₽379.67 million versus ₽438.33 million a year earlier.

Cian

Cian's IFRS net income for 3 months of 2023 was ₽211 million, up five times from ₽44 million in the previous year. Revenue increased 39.2% to ₽2.402 billion versus ₽1.726 billion a year earlier.

Phosagro

PhosAgro's RAS net income for 3 months of 2023 was ₽37.446 billion, up 91.8% from ₽19.523 billion in the previous year. Revenue rose 19.9% to ₽41.318 billion compared to ₽34.469 billion a year earlier.

MOEX Group (Moscow Exchange)

National Commodity Exchange and the digital logistics platform Smartseeds have developed a logistics tool for the grain market. Exchange participants will be able to receive a tariff calculation and order the transportation of grain through Smartseeds at a fixed tariff within two weeks. New tool will eliminate existing logistical barriers and facilitate the...

Far-Eastern Shipping Company

Fesco plans to start building a multimodal logistics complex in Kazan, which could become one of the possible logistics hubs for consolidation of cargoes on the way to Iran, said Andrey Severilov, chairman of the company's board of directors. Group is also considering the possibility of acquiring a new terminal and forming its own specialized fleet on the Ca...

Applied Materials

Applied Materials' GAAP net income for 6 months of fiscal year 2023 was $3.292 billion, down 1.1% from $3.328 billion in the prior year. Revenue increased 6.8% to $13.369 billion from $12.516 billion a year earlier.