Stock market news

Sberbank

Sberbank maintained its forecast for net interest margin for 2024 at 5.7% and capital adequacy at over 13.3%. Bank's forecast for return on equity for this year also remained unchanged - over 22%. Growth of fee and commission income is planned at the level of approximately 10%. In lending to companies, the bank plans to grow in line with the market by 12-14%...

UGC

UGC expects to increase production by 20-30% by the end of 2024, the company's CFO Artem Kletskin said. Significant part of the increase will be provided by Vysokoye deposit, where production will amount to about 2.5-3 tons. Start of production at the deposit is scheduled for March. Commissioning at the Vysokoye gold extraction plant will be completed by the...

Alrosa

Alrosa's IFRS net profit for 2023 amounted to ₽85.18 billion, down 15.2% from ₽100.49 billion in the previous year. Revenue rose 9.2% to ₽322.57 billion against ₽295.44 billion a year earlier.

Positive Technologies Group

Additional issue of Positive Technologies may take place as early as 2024, the company's founder Yuri Maximov said on the air of Rossiya-24 TV channel. Its parameters will be disclosed by the company soon. In general, Positive Technologies plans to issue additional shares at each doubling of capitalization to motivate its employees. But its size may vary bas...

UGC

Gold production at UGC in 2023 decreased by 6.8% to 412.5 thousand troy ounces, or 12.8 tons. Decrease was due to the use of poorer ore from stockpiles and shifting the start of production at Vysokoye deposit in Siberia to 2024. At the same time, ore extraction increased by 30.8% to 17.7 million tons. Processing increased by 3.4% to 23.9 million tons. Revenu...

Sberbank

Sberbank's IFRS net profit for 2023 amounted to ₽1.509 trillion, up 5.2 times from ₽0.288 trillion in the previous year. Net interest income rose 36.8% to ₽2.565 trillion against ₽1.875 trillion a year earlier. Fee and commission income rose 9.4% to ₽763.9 billion.

Fix Price Group

Fix Price's retail revenue for 2023 grew 5.2% to ₽258.96 billion, while wholesale revenue grew 4.7% to ₽32.9 billion. LFL - sales declined 4.1%. Number of net openings totaled 751 and the total selling space of the chain's stores increased by 165,300 square meters to 1,390,600 square meters

Fix Price Group

Fix Price's IFRS net profit for 2023 amounted to ₽35.707 billion, up 66.8% from ₽21.411 billion in the previous year. Revenue rose 5.1% to ₽291.86 billion against ₽277.64 billion a year earlier.

Rusagro

China's General Administration of Customs has registered three Russian pork production enterprises and authorized the export of pork products from February 28, 2024. Permission to export was granted to APH Miratorg, Velikoluksky Meat Processing Plant and Tambovsky Bacon, owned by Rusagro. National Union of Pork Producers expects that Russian pork will be abl...

NOVATEK

Delivery of three LNG tankers for the Arctic LNG-2 project, being built by Japanese Mitsui OSK Lines in South Korea, has been delayed indefinitely. The transfer of three more tankers already built is in question due to sanctions. They were built under the order of Cyprus-based Elixon Shipping, Azoria Shipping and Glorina Shipping, which were placed on the SD...