Stock market news

RUSAL

Rusal's IFRS net income for 2022 was $1.793 billion, down 44.4% from $3.225 billion in the previous year. Revenue increased by 16.5% to $13.974 billion compared to $11.994 billion a year earlier.

X5 Group

X5 Retail Group's IFRS net income for 2022 was ₽45.188 billion, up 5.7% from ₽42.738 billion in the previous year. Revenue rose 18.1% to ₽2.605 trillion compared to ₽2.205 trillion a year earlier.

Magnit

Retailer Magnit agreed with Tatspirtprom to distribute the chain's exclusive Sombrero tequila brand in other channels. Magnit imports this tequila from Mexico itself only for its stores so far. This summer Tatspirtprom shall begin supplying Sombrero to the HoReCa segment, non-network retail and part of the regional chains. This should increase brand recognit...

VK

Virtus.pro cybersports club was sold for ₽174 million, according to VK's 2022 report. The sale of Virtus.pro was announced back in September of last year, but the amount of the deal was not disclosed at the time. A deal was made for almost the book value of the asset of ₽161 million, the company noted in the report. Experts considered the club's valuation to...

Sovcomflot

Sovcomflot's net income under RAS for 2022 was ₽13.9 billion, up 2.3 times from ₽5.9 billion in the previous year. Revenue increased 1.7 times to ₽15 billion from ₽8.6 billion a year earlier.

Tatneft

Finnish Nokian Tyres has received €285 million from Tatneft for its tire business in Russia. After passing registration formalities, the deal will be completed.

FedEx

FedEx's GAAP net income for 9 months of fiscal year 2023 was $2.434 billion, down 25.5% from $3.268 billion in the previous year. Revenue declined 1.3% to $68.225 billion from $69.118 billion a year earlier.

Aerojet Rocketdyne Holdings

Aerojet Rocketdyne shareholders have approved an agreement to sell L3Harris Technologies for $4.7 billion, or $58 per share. The companies maintain plans to close the transaction during 2023, subject to receipt of required regulatory approvals, permits and other customary closing conditions.

L3Harris Technologies

Aerojet Rocketdyne shareholders have approved an agreement to sell L3Harris Technologies for $4.7 billion, or $58 per share. The companies maintain plans to close the transaction during 2023, subject to receipt of required regulatory approvals, permits and other customary closing conditions.

NOVATEK

Novatek's net income under RAS for 2022 was ₽640.36 billion, having doubled from ₽318.32 billion in the previous year. Revenue rose 10.3% to ₽804.69 billion versus ₽729.73 billion a year earlier.