Stock market news

Rosneft Oil Company

Final investment decision on the project of oil refining complex of Rosneft and Indonesian Pertamina in the city of Tuban on the island of Java in Indonesia may be made in the II-IV quarter of 2024, said a representative of the Ministry of Energy and Mineral Resources of Indonesia Tutuka Ariadji. Earlier it was reported that the decision could be made in ear...

Solidcore Resources

Polymetal purchased 2,543,840 common shares under the second tranche of the exchange offer in addition to the 39,070,838 shares that were exchanged on December 9, 2022. Thus, a total of 41,614,678 common shares were exchanged, which are now accounted for by the company as treasury shares. Company intends to redeem these shares upon relaxation of the restrict...

Rushydro

Poor quality of Evolute electric cars, which are used in the Green Crab carsharing service, leads to the downtime of more than 20% of the fleet, Dmitry Belyaev, General Director of Rusgidro Electric Power Plant, said at a round table on the prospects of electric transport in the Federation Council. At the same time, the equipment is leased, and payments for...

Etalon Group

Etalon Group's real estate sales volume for 9 months of 2023 amounted to 340.56 thousand square meters, up 62%. In cash terms, sales volume increased by 53% to ₽65.172 billion. Number of contracts signed increased by 53% to 7,163. Cash receipts increased by 21% to ₽52.894 billion. Average selling price of residential properties decreased by 18% to ₽227.56 th...

Sberbank

Express delivery service Samokat has created a separate structure for food production. It was headed by Vitaly Levin, former head of the ready-to-eat food production division at Magnit. According to experts, the factory will improve profitability and product quality control, but they warn of difficulties in finding a site, equipment and personnel.

Segezha Group

Segezha Group launched a new Homag automatic woodworking center with numerical control for additional processing of plywood boards as part of the first stage of the project to increase the capacity of the Vyatka Plywood Mill. This will make it possible to fulfill more complex special orders, and after completion of all stages of the project, the mill's produ...

RUSAL

Rusal has allocated sales volumes for 2023 and is now selecting the most profitable sales portfolio for next year. This year, Rusal lost access to premium markets, but significantly increased the share of shipments to China and other Asian countries. Their share increased from 23% at the end of the first half of 2022 to 33% by mid-2023. Company became the wo...

Magnit

Retailer Magnit announced the launch of the second round of share buyback from non-resident investors. Company intends to purchase up to 8.024 million shares, which corresponds to 7.9% of the authorized capital. Repurchase price is set at ₽2215 per share as authorized by the government commission, the same as during the first round. Bids for the buyback will...

Gazprom

Gazprom Energoholding started construction of Russia's largest foundry complex for the production of gas turbine blades in the Uzlovaya Special Economic Zone in the Tula Region. Such turbines are widely used by Gazprom at natural gas production and transportation facilities, hydrocarbon raw materials processing, power and heat generation for consumers. Const...

Kovrov Mechanical Plant

Kovrov Mechanical Plant's net profit under RAS for 9 months of 2023 amounted to ₽7.436 million, down 3 times from ₽22.54 million in the previous year. Revenue increased 11.2% to ₽1.387 billion vs. ₽1.247 billion a year earlier.