Stock market news

Donskoy Factory of Radiocomponents

Donskoy Radio Components Plant's net profit under IFRS for six months of 2022 was ₽160.29 million, up twofold from ₽81.761 million in the previous year. Revenue rose 29.3% to ₽1.003 billion versus ₽0.776 billion a year earlier.

Alibaba Group Holding

Alibaba Cloud opened in Zhangbei City an intelligent computing center with a capacity of 12 exaflops, against Google's 9 exaflops. Company also opened another center in Ulanchaba with 3 exaflops, and introduced Feitian Intelligent Computing Platform, which has achieved 90% efficiency of parallel computing on 1,000 cores, increasing computational resource uti...

NOVATEK

Novatek intends to withdraw from exploration projects offshore Lebanon, the Lebanese National News Agency reported. According to NNA, Novatek Lebanon SAL, which owns 20% each in Blocks 4 and 9 in the eastern Mediterranean Sea, informed the country's authorities of its intention to withdraw from the projects at the end of the first exploration period on Octob...

Lumen (CenturyLink)

Lumen has released Lumen SASE Solutions - first of its kind fully digital solution for purchasing, configuring and managing an enterprise SASE. Customers can choose and purchase suitable solutions on Lumen Marketplace and then manage SASE independently through Lumen SASE Manager, or entrust the deployment and management to Lumen.

Kraft Heinz

Kraft Heinz is selling its B2B powdered cheese business to food manufacturer Kerry Group. The deal is scheduled to close by the end of this year. The parties did not disclose its terms.

Alcoa

Alcoa is suspending one of three production lines at its Lista aluminum smelter in Norway due to higher power costs of up to $600 per MWh. Line has a capacity of 31,000 tons per year. Expect plant's energy conditions to improve in fourth quarter 2022 thanks to a favorable agreement with energy company Statkraft, which will provide more predictable energy cos...

VK

Social network Odnoklassniki launched the first public video monetization program by showing ads. To connect to it can groups with a number of subscribers more than 1 thousand, which publish a video longer than 1 minute, have at least one video with 10 thousand views and the total number of video views over the last month - at least 10 thousand. Also, video...

Sony Group

Sony created a division PlayStation Studios, which will specialize in mobile games. In particular, it will include Savage Game Studios, a mobile game developer that was bought the day before. Sony intends to release about 50% of its games for PC and mobile devices by 2025. Now this share is about 25%.

United Medical Group

EMC acquired 72% in distributor of equipment and consumables for laboratories "Astra-77". Company has been on market since 1996. Distributor's partners include such companies as BD, Horiba, Sysmex, Siemens Healthcare. Astra-77's revenue in 2021 was ₽4.9 billion, EBITDA was ₽1.8 billion, net income was ₽1.5 billion.

Big Lots

Big Lots' GAAP loss for 6 months of 2022 was $95.232 million, against a profit of $132.27 million in the previous year. Revenue fell 11.7% to $2.721 billion from $3.083 billion a year earlier.