Stock market news

Russneft Oil Company

Oil and condensate production by RussNeft in 2022 amounted to 6.456 million tons, having increased by 4.5% as compared to 6.179 million tons a year earlier. Gas production increased by 3.6% to 1.866 billion cubic meters. Production of petroleum products totaled 12,025 thousand tons.

Nebius Group

Marketplace Yandex.Market has launched a new service called Money for turnover. Service can be used by sellers who have a turnover of up to ₽3 million a month on the Marketplace and have been working with the service for more than six months. Funds for business development are available for three or six months. Seller chooses how much money to receive within...

Russneft Oil Company

RussNeft's RAS net income for 2022 was ₽8.408 billion, down 2.3 times from ₽19.444 billion in the previous year. Revenue rose 19.9% to ₽274.77 billion compared to ₽229.26 billion a year earlier.

Solikamsk magnesium plant

SMW began production of lithium metaniobate, a product that no one else in Russia produces on an industrial scale. The plant will produce pressed and hardened lithium metaniobate in the form of special pellets of strictly defined mass and size, which serve as the basis for growing monocrystals. An order for the entire planned annual production volume has alr...

Inter RAO

Government will develop a special funding mechanism for Inter RAO to switch the loss-making Cherepetskaya TPP from coal to gas. They want to give the power plant the status of a "forced" generation facility with a high tariff. To do so, the legislation will have to be changed: the GRES was built under the CDA program and is obliged to operate on the market u...

QuidelOrtho

QuidelOrtho's GAAP net income for 2022 was $548.7 million, down 22.1% from $704.2 million in the previous year. Revenues increased 92.2% to $3.266 billion from $1.699 billion a year earlier.

Energy Transfer

Energy Transfer's distributable cash flow for 2022 was $9.249 billion, down 3.9% from $9.627 billion the previous year. Revenue increased 33.3% to $89.876 billion from $67.417 billion a year earlier.

Aerojet Rocketdyne Holdings

Aerojet Rocketdyne's GAAP net income for 2022 was $74 million, down by half from $146.6 million in the previous year. Revenue increased 2.2% to $2.237 billion from $2.188 billion a year earlier.

Cisco Systems

Cisco's GAAP net income for 6 months of fiscal 2023 was $5.443 billion, down 8.6% from $5.953 billion in the previous year. Revenue rose 6.3% to $27.224 billion, compared with $25.62 billion a year earlier.

Noventiq

Noventiq shareholders approved the company's redomiciliation from Cyprus to the Cayman Islands. Jurisdiction change process may be completed as early as mid-June 2023.