Stock market news

Mobile TeleSystems

MTS' RAS net income for 2022 was ₽31.279 billion, down 47.6% from ₽59.709 billion in the previous year. Revenues rose 4.9% to ₽391.57 billion compared to ₽373.33 billion a year earlier.

Magnit

Retailer Magnit plans to scale the project of at home plus stores and will open up to 50 such outlets in 2023. Area of at home plus stores averages 700 sq. m. versus 350 sq. m. of classic at home stores. New outlets will be opened first of all in cities with a population of millions - Moscow, St. Petersburg, Kazan, Novosibirsk, Yekaterinburg, as well as in S...

Starbucks

The Starbucks Board of Directors announced a quarterly dividend of $0.53 per share. The last day to buy securities to receive the dividend is May 10, 2023. The annual dividend yield may reach 2.15%.

Globaltruck

Alexander Eliseev is negotiating the sale of Globaltruck to Monopoly Group, sources told RBC. Binding documents are expected to be signed within a few weeks. Eliseev owns 61% of the company. Another 31% is held by investors, including the Russian Direct Investment Fund.

Phosagro

PhosAgro in Q1 2023 increased its agrochemical output by 6%, according to the company's CEO Mikhail Rybnikov. Main growth drivers were PhosAgro's new one million tonne plant in Volkhov, which reaches its design capacity this year, and PhosAgro's production complex in Balakovo, where the second stage of a large-scale strategic development program is nearing c...

M.Video

M.Video electronics store chain has resumed expansion in regions of new format M.Compact stores. For opening 500-600 sq.m. outlets, which is two to three times less than usual, investment is three times less, says the company. Assortment in M.Kompakt format stores will be comparable to that of standard stores. But they use vertical trade equipment which allo...

NOVATEK

Novatek submitted an application for participation in the selection of a buyer in the operator of the Sakhalin-2 project, OOO Sakhalinskaya Energia. Stake of 27.5% is valued at ₽94.8 billion.

Positive Technologies Group

Positive Technologies' RAS net income for 3 months of 2023 was ₽3.992 billion, quadrupling from ₽0.974 billion in the previous year. Revenue also quadrupled, to ₽3.99 billion versus ₽0.987 billion a year earlier.

M.Video

M.Video's RAS net income for 2022 was ₽0.09 bln, down many times from ₽10.985 bln in the previous year. Revenue increased 0.1% to ₽227.42 million compared to ₽227.16 million a year earlier.

Sistema

Sistema's RAS loss for 2022 was ₽71.446 billion, down 13.5% from ₽82.568 billion in the previous year. Revenues increased 43.8% to ₽34.907 billion compared to ₽24.269 billion a year earlier.