Stock market news

Territorial Generating Company № 1

TGC-1's RAS loss for 2023 amounted to ₽0.779 billion, against a profit of ₽7.128 billion in the previous year. Revenue increased by 2.9% to ₽101.7 billion versus ₽98.8 billion a year earlier.

Magnitogorsk Iron and Steel Works

MMK sold 80 thousand tons of steel products worth ₽6 billion through the corporate marketplace in 2023. Sales volume increased 2.7 times compared to the previous year, when sales amounted to 30 thousand tons. In total, about 112 thousand tons of steel products have been sold through the electronic trading platform since its opening in April 2021. Company int...

TMK

TMK sold TMK-Kaztrubprom LLP in Kazakhstan in August 2023. Gain from the sale amounted to ₽89 million. Asset was acquired by TMK in 2008. Enterprise is equipped with modern process and control equipment for the production of tubing and casing pipes with nominal diameters from 60 mm to 178 mm. Capacity of the plant is 35 thousand tons of pipes per year. Kaztr...

Polyus

Polyus' gold production in 2023 amounted to 2.902 million ounces, up 14% year-on-year. Ore processing volume increased by 1% to 48.894 million tons. Recovery rate increased by 1.2pc to 83%. In 2024, company plans to produce 2.7-2.8 million ounces of gold. Reduction in production is mainly due to lower gold content in ore processed at the Olympics.

Polyus

Polyus' RAS net profit for 2023 amounted to ₽1.107 billion, against a loss of ₽241.36 billion in the previous year.

Polyus

Polyus' IFRS net profit for 2023 amounted to ₽151.39 billion, up 36.2% from ₽111.19 billion in the previous year. Revenue rose 59.7% to ₽469.61 billion against ₽294.07 billion a year earlier.

Samolet Group of Companies

Developer Samolet will build 90 thousand square meters of housing in the town of Kola, Murmansk Region. Investments in the project will amount to about ₽9 billion. Company became the first developer to enter the Murmansk region after a multi-year pause in housing construction in the region. At the end of 2023, Murmansk ranked last, 100th in the rating of cit...

United Aircraft Corporation

Serial production of MS-21 passenger airplanes will not start in 2024, as previously expected, Rostec CEO Sergey Chemezov said. According to him, the production will most likely be postponed to 2025 or maybe even 2026. In late 2023, at a meeting with Russian President Vladimir Putin, the head of Rostec said that 18 MS-21 airplanes were in various stages of r...

Inter RAO

Inter RAO acquired 50% of Kashirskaya TPP from Mordashov's structure for ₽6.4 billion. Group also bought SMTT.High Voltage Solutions for ₽2.4 billion. Company specializes in the design, manufacture and maintenance of power transformers and autotransformers with capacity over 25 MVA and voltage class 110-750 kW.

Inter RAO

Inter RAO Group spent about ₽5.9 billion to acquire two power supply companies from Rosseti. Group bought guaranteed suppliers in Yekaterinburg and the Pskov Region - JSC Yekaterinburgenergosbyt and JSC Pskovenergosbyt. Transactions will increase Inter RAO Group's subscriber base by 3.3% to 19.8 million subscribers. Share of the Group's sales companies in th...