Stock market news

Etalon Group

Top manager of developer Etalon Maxim Berlovich and former managing partner of Sistema Oleg Mubarakshin stepped down from the Board of Directors and left the company. Berlovich decided to leave the group in order to focus on the development of his own projects, while Mubarakshin's resignation is due to his earlier decision to leave Sistema. Maxim Berlovich j...

Novolipetsk Iron and Steel Works

NLMK is selling its long product division - plants in the Urals and Kaluga regions, sources told Vedomosti. Assets are claimed by Yevgeny Zubitsky's Industrial and Metallurgical Holding and Ivan Demchenko's Novostal-M.

Rosneft Oil Company

German government plans to amend the energy security law, which will make it easier to sell Rosneft's stake in the Schwedt refinery. Bill eliminates the need to nationalize asset, which has come under the de facto control of the government, in case its sale is necessary to ensure the safety and functioning of the country's energy sector. Schwedt Refinery was...

Applied Materials

Applied Materials' GAAP net income for 3 months of fiscal year 2023 was $1.717 billion, down 4.2% from $1.792 billion in the prior year. Revenue increased 7.5% to $6.739 billion from $6.271 billion a year earlier.

AbbVie

The AbbVie Board of Directors announced a quarterly dividend of $1.48 per share. The last day to buy securities to receive the dividend is April 12, 2023. The annual dividend yield may reach 3.84%.

Samolet Group of Companies

Developer Samolet is planning an IPO of the fintech real estate service Samolet Plus by 2025. Company positions service as its first proptech and fintech project. In 2022 the turnover of transactions on the platform amounted to ₽337 billion. Share of Airplane Plus in the market of real estate transactions is about 3% now, by 2030 the service plans to take 20...

NRG Energy

NRG Energy's GAAP net income for 2022 was $1.221 billion, down 44.2% from $2.187 billion the previous year. Revenue increased 16.9% to $31.543 billion from $26.989 billion a year earlier.

Gazprom Neft

State Duma passed a law on a refundable tax deduction for Gazprom Neft. Document provides a tax deduction for MET in the amount of ₽1.111 billion per month from April 1, 2023 to March 31, 2029 within the expenses for the construction of transport infrastructure for the fields in Yamal. Entire amount of the deduction received, increased by 9% per annum, is to...

Paramount Global

Paramount's GAAP net income for 2022 was $1.214 billion, down 3.8 times from $4.631 billion the previous year. Revenue increased 5.5% to $30.154 billion from $28.586 billion a year earlier.

Severstal

Severstal in 2023 plans to increase sales by 7.3%, to 11.7 million tons, and take the leading position in the domestic market. Company also intends to increase sales on non-CIS markets. Severstal expects to increase sales this year by entering new product and regional niches, including those within the framework of the import substitution program and infrast...