Stock market news

Segezha Group

US sanctions will not interfere with Segezha Group's operations, as settlements with Chinese buyers are made through Russian banks, and there are traders for deliveries to other countries, said Mikhail Shamolin, head of the timber holding company. Top-manager also expressed confidence that the company will successfully pass the period of low prices for produ...

Nebius Group

IT company Yandex is considering selling all Russian assets, sources told Reuters. Earlier it was planned to sell a controlling stake in the Russian business to a consortium of investors, each of whom will receive a little more than 7%. Company plans to submit a restructuring proposal for consideration of shareholders by the end of 2023.

Aeroflot

Aeroflot Group in October 2023 carried 4.18 million passengers, up 19.7% from 3.49 million passengers a year earlier. Passenger turnover increased by 30.1% to 10.951 billion pkm. Seat occupancy increased by 8 p.p. to 89.8%.

Electrozinc

Electrozinc's shareholders approved the board of directors' proposal to liquidate the company.

Avangard Bank

Shareholders of Avangard Bank approved dividends for 9 months 2023 in the amount of ₽57 per ordinary share. The last day of purchase of securities to receive dividends is November 22, 2023. Dividend yield may amount to 4.97%.

UralSib Bank

Bank Uralsib's RAS net profit for 9 months of 2023 amounted to ₽17.476 billion, up 25.9% from ₽13.884 billion in the same period of 2021. Net interest income rose 54.5% to ₽24.847 billion compared to ₽16.086 billion a year earlier. Fee and commission income rose 6.3% to ₽10.941 billion.

Home Depot

Home Depot's GAAP net income for 9 months of 2023 was $12.342 billion, down 10.2% from $13.743 billion in the prior year. Revenue fell 3% to $117.88 billion from $121.57 billion a year earlier.

Sberbank

Sberbank implemented Russia's first bank guarantee transaction where a conventional contract was replaced by a smart contract on a blockchain platform. Client received a financial service on Sberbank's blockchain platform by initiating a smart contract through a transaction from his e-wallet.

Alrosa

Alrosa notes stabilization and the first signs of recovery of positive price dynamics for rough and polished diamonds in the global market. As is expected, Christmas sales season will be positive for jewelry retailers, in which case a steady growth in demand and prices for most categories of rough and polished products will resume as early as the 1st quarter...

Gazprom

Gazprom Holding is building a new de-ethanization unit for 8 million tons at the Urengoy Plant. In 2021, there was a fire at the Urengoy Plant that destroyed one of the deethanization units. Unit capacity was 6 million tons.