Stock market news

Cherkizovo Group

Cherkizovo Group acquired Venta-Oil LLC, which owns a grain storage and processing complex in the Orenburg region. Complex includes a feed production facility, which after modernization will be able to produce about 50,000 tonnes of products per year, an elevator with a capacity to store 54,000 tonnes of grain at a time, a silo and a warehouse for finished p...

Slavneft-Yaroslavnefteorgsintez

Slavneft-Yaroslavnefteorgsintez's RAS net profit for 2023 amounted to ₽6.58 billion, up 4.3 times from ₽1.52 billion in the previous year. Revenue increased 22.1% to ₽41.19 billion against ₽33.73 billion a year earlier.

Artgen

Board of Directors of Artgen Biotech has assessed the company's current financial performance and plans for 2024 and sees no need for an additional share issue, Artgen Biotech CEO Sergey Masyuk said. In 2024, the company will continue to work on expanding the markets and geography of presence of the group's services, Neovasculgen and Histograft products. Wor...

Transneft

Transneft's RAS net profit for 2023 amounted to ₽187.04 billion, up 83.2% from ₽102.09 billion in the previous year. Revenue rose 9.1% to ₽1.194 trillion against ₽1.094 trillion a year earlier.

Transneft

Transneft's IFRS net profit for 2023 amounted to ₽306.59 billion, up 20.7% from ₽253.96 billion in the previous year. Revenue rose 10.5% to ₽1.331 trillion against ₽1.205 trillion a year earlier.

Aeroflot

Aeroflot Group intends to remove business class on nine Superjet 100 aircraft of Rossiya Airlines due to the shortage of 100-seat aircraft on resort and tourist routes. On the aircraft, three rows of business class seats, a rear kitchen module and a lavatory will be removed, followed by the installation of five rows of economy class seats and additional oxyg...

Slavneft-Megionneftegaz

Slavneft-Megionneftegaz's RAS loss for 2023 amounted to ₽7.91 billion, up 43.8% from ₽5.5 billion in the previous year. Revenue fell 12.7% to ₽197.93 billion against ₽226.81 billion a year earlier.

Cherkizovo Group

Cherkizovo Group plans to increase revenue by more than 12% year-on-year in 2024. At the same time, net profit and EBITDA are expected to be at the level of 2023 against the backdrop of rising production costs. In 2023, the company's revenue grew by 23% to ₽226.713 billion. Net profit increased 2.2 times to ₽33.03 billion.

Far-Eastern Shipping Company

Fesco Transportation Group plans to close the acquisition of Logboxx in the near future. Container and wagon operator Logboxx is part of Freight Village RU group, which provides freight forwarding services for containerized cargo transportation. Company also organizes cargo transportation across Kazakhstan and Belarus.

Far-Eastern Shipping Company

Fesco and the Chinese platform company Xi'an Free Trade Port agreed to work together to create a modern transport and logistics center Terminal Zabaikalsk in the Russian settlement of the same name near the Zabaikalsk-Manchuria railway checkpoint on the border with China. Parties will also consider the possibility of developing logistics and terminal infrast...