Stock market news

Severstal

Severstal is shutting down largest blast furnace No. 5 Severyanka at Cherepovets Steel Mill for a first-degree overhaul. Investments in the project will amount to ₽37 billion. Company has also developed a set of measures to avoid a decrease in finished product volumes despite the unit shutdown.

X5 Retail Group

Moscow Exchange suspends trading in X5 Retail Group receipts from April 5. Decision was made because the Ministry of Industry and Trade filed an application with the court to suspend X5 Retail Group's corporate rights to the Russian operating company Corporate Center X 5 LLC.

Magnit

Marketplace Magnit Market launched the first 100 points of order delivery in the retailer's stores. Most of the new PVZ Magnit Market opened in the Republic of Tatarstan, including about 50 points in Kazan. By the end of 2024, it is planned to multiply the number of PVZ in Magnit stores. Now the marketplace is testing various PVZ configurations in order to c...

Rostelecom

Operator Tele2 intends to rebrand due to the expiration of its brand license. Company has already developed a project that preserves continuity with the current brand and will present a new positioning and identity by the end of 2024.

Bashinformsvyaz

Bashinformsvyaz's IFRS net profit for 2023 amounted to ₽2.68 billion, down 6.3% from ₽2.86 billion in the previous year. Revenue increased 24.3% to ₽31.96 billion compared to ₽25.71 billion a year earlier.

Magnitogorsk Iron and Steel Works

Magnitogorsk Iron and Steel Works' RAS net profit for 2023 amounted to ₽114.2 billion, up 2.4 times from ₽48.31 billion in the previous year. Revenue rose 15% to ₽664.53 billion against ₽578.03 billion a year earlier.

MD Medical Group Investments

MD Medical Group's IFRS net profit for 2023 was ₽7.82 billion, up 65.7% from ₽4.72 billion in the previous year. Revenue increased 9.6% to ₽27.63 billion against ₽25.22 billion a year earlier.

Etalon Group

Etalon Group enters the development market in the Rostov region. Company acquired a 65% stake in a joint venture created to implement a project of integrated territory development in Rostov-on-Don on a plot of land of over 300 hectares, with the prospect of almost 3-fold increase of the development area up to 800 hectares. Expected realizable area of the 1st...

South Kuzbass Coal Company

Southern Kuzbass Coal Company's RAS net profit for 2023 amounted to ₽1.255 billion, down 10 times from ₽12.025 billion in the previous year. Revenue fell 23.7% to ₽44.205 billion against ₽57.958 billion a year earlier.

Softline

Softline's IFRS net profit for 2023 amounted to ₽3.078 billion, down by half from ₽6485 billion in the previous year. Revenue increased 30.1% to ₽73.181 billion against ₽56.246 billion a year earlier.