Stock market news

M.Video

Bank of Russia has included in the register of microfinance organizations the microcredit company Direct Credit Pay, which is a subsidiary of Direct Credit Center, a credit broker owned by the retailer M.Video. According to the retailer's accounts, the MCC was established in April last year. DK Pay's website states that its main line of business is to provid...

Segezha Group

Segezha's IFRS loss for 2023 amounted to ₽16.748 billion, against a profit of ₽6.052 billion in the previous year. Revenue fell 8.7% to ₽88.487 billion versus ₽96.875 billion a year earlier.

Sistema

Binnopharm Group, part of Sistema, IFRS net profit for 2023 amounted to ₽0.307 billion, down 5 times from ₽1.52 billion in the previous year. Revenue increased 16% to ₽32.54 billion against ₽28.04 billion a year earlier.

Gazprom

Gazprom Holding started connecting the Power of Siberia and Sakhalin - Khabarovsk - Vladivostok gas pipelines. Started construction of the Belogorsk - Khabarovsk section of the Eastern Gas Supply System. Its length will be over 800 kilometers. Design and survey work is underway for other sections.

Crystal

KVLZ Kristall and German Mast-Jägermeister SE signed a settlement agreement, part of which was the German company's recognition of changes in the design of the bottle and label of Alter Heiler and Konig Heiler bitters. As explained by Artem Chubukin, CEO of Kristall, the design of the biters remained recognizable and will not prevent consumers from finding t...

MMC Norilsk Nickel

Bank of Russia decided to state registration of amendments to the decision on the issue of Nornickel shares due to the split of shares in the ratio of 100 to 1. Securities will be converted on April 4, 2024.

Crystal

KLVZ Kristall dropped its lawsuit against the German company Mast-J germeister SE for protection of business reputation, compensation for damages and compensation for losses totaling more than ₽782 million. In court, representatives of the parties stated their intention to settle the dispute amicably, KLVZ Kristall filed a motion to drop the lawsuit, as a re...

Novorossiysk Bakery Products Plant

Novorossiysk Bakery Products Combine's IFRS net profit for 2023 amounted to ₽4.887 billion, up 2.5 times from ₽1.958 billion in the previous year. Revenue increased 86.3% to ₽9.244 billion against ₽4.963 billion a year earlier.

Far-Eastern Shipping Company

Vladivostok Commercial Sea Port, part of the Fesco transport group, plans to transship 1.2 million TEU per year by 2028, which is 40% higher than in 2023. "After Russia's turn to the East, the VMTP is at the center of communications between Russia and Asia, handles about 40% of the entire transshipment of the Far East," said Nikolai Ermolaev, Managing Direct...

Far-Eastern Shipping Company

Transportation group Fesco is considering the acquisition of an airline with its own fleet for cargo transportation, said Andrei Severilov, head of the Fesco Board of Directors. "We continue to build up our air segment, it is growing. But we would like to start transportation with our own aircraft," he noted.