Stock market news

Far-Eastern Shipping Company

Fesco has launched an intermodal container route from Moscow to Kaliningrad via St. Petersburg to expand its network of intra-Russian destinations. The route includes rail delivery from Bely Rast station in Moscow to the port of Bronka in St. Petersburg as part of the new Fesco Moscow Baltic Shuttle train service. The containers are then reloaded onto ships...

Magnit

Retailer Magnit plans to launch a center for growing green crops. New enterprise Greens of the South will grow 10 types of greens, both familiar to consumers and more rare on the tables of Russians: parsley, dill, green onions, sorrel, spinach, basil, mint, rosemary, arugula and thyme. Area under green crops will be 12 hectares, the planned production volume...

Sovcomflot

Sovcomflot's net income according to IFRS for 2022 was $385.2 million, an increase of 11 times compared to $35.8 million in the previous year. Revenue increased by 22.7% to $1.889 billion compared to $1.54 billion a year earlier.

Tatneft

Crude oil production by Tatneft Group in 2022 increased by 4.7%, to 29.1 million tons. Production of petroleum products increased by 29%, to 15.99 million tons. Gas production increased by 5.6% to 935 million cubic meters. Production of gas products decreased by 1.4% to 1.04 million tons.

LUKOIL

Lukoil and Italy's Eni are seeking to expand their joint presence in the Republic of Congo. Companies have applied for and passed the selection round for offshore blocks Marine XXIV and Marine XXXI. They are now continuing discussions with the Congolese government on the final commercial terms for developing the blocks. Lukoil's share in the new project may...

LUKOIL

Final plan for the development of the field Pecan at Deepwater Tano Cape Three Points, in which Lukoil will participate, should be submitted to the regulatory authorities of Ghana by 14 April. In the case of its approval, Lukoil may take an investment decision on the project in October-November. The operator of the project is the Norwegian Aker Energy with a...

Primorie Bank

Board of Directors of Primorie Bank recommended that dividends be paid for 2022 in the amount of ₽2400 per ordinary share. The last day of the purchase of securities to receive dividends is April 27, 2023. Dividend yield may amount to 7.45%.

UBS Group

UBS is buying Credit Suisse for $3.2 billion. Credit Suisse shareholders will receive one UBS share for every 22.48 shares of their company, equivalent to CHF0.76 Swiss francs per share, for a total deal of CHF3 billion or $3.2 billion.

UnitedHealth Group

UnitedHealth's GAAP net income for 2022 was $20.639 billion, up 16.4% from $17.732 billion the previous year. Revenues rose 12.7% to $324.16 billion from $287.6 billion a year earlier.

LSR Group

LSR's IFRS net income for 2022 was ₽13.363 billion, down 17.9% from ₽16.272 billion in the previous year. Revenue increased 7% to ₽139.66 billion compared to ₽130.52 billion a year earlier.