Stock market news

Russneft Oil Company

RussNeft's RAS net profit for 2023 amounted to ₽31.76 billion, up 3.8 times from ₽8.41 billion in the previous year. Revenue fell 13.1% to ₽238.83 billion against ₽274.77 billion a year earlier.

NOVATEK

Novatek's complex in Ust-Luga resumed condensate processing on February 11 after 3 weeks of downtime, sources told Reuters. During February 11-12, complex processed about 18,000 tons of gas condensate. Company was forced to suspend some operations in Ust-Luga due to damage after a fire on January 21, which resulted from a suspected Ukrainian drone attack.

Rushydro

RusHydro may build the second stage of Sakhalin GRES-2, such a conclusion can be drawn from the report of the Ministry of Energy of the Russian Federation following a meeting with Energy Minister Nikolai Shulginov on the development of power generation in the Sakhalin Region. He also noted that work is already underway at Yuzhno-Sakhalinskaya TPP-1, which wi...

United Wagon Company RPC

Bank of non-core assets Trust left the UWC with a loss of ₽20 bln, said Alexander Sokolov, Chairman of the Bank's Management Board. He attributed the loss to the fact that the asset was sold ahead of schedule and the transaction itself followed a non-standard procedure. Company was sold ahead of schedule due to possible technological risks associated with th...

Gazprom

Gazprom Helium Service received technical specifications for connecting a natural gas liquefaction complex in Belarus to the gas supply network. Agreement on the construction of a plant and sales infrastructure for liquefied NGV fuel was signed at the St. Petersburg International Gas Forum in 2023. Complex will be located on the territory of the Velikiy Kame...

Russneft Oil Company

Bank of non-core assets Trust wants to sell its preferred shares of Russneft as early as in 2024, said Alexander Sokolov, Chairman of the Bank's Management Board. Now Trust owns 33% of preferred shares of Russneft, VTB owns another 66%. Oil company is obliged to allocate $70-110 mln annually for dividends on pref shares depending on the oil price. Trust's st...

MOEX Group (Moscow Exchange)

Moscow Exchange resumed trading on the stock market from 11:35. Suspension lasted about an hour. There is no information about its reasons.

RUSAL

Aluminum producer Rusal, investment company MASS GROUP and Sial Group of Companies will build Russia's first aluminum runway. Length of the experimental aluminum runway will be up to 600 m, and it will take about 300 tons of hardened aluminum alloy. Cost of a full-fledged aluminum runway, including logistics, installation and operating costs, will be 15-20%...

KAMAZ

Kamaz Autoconcern has disclosed the parameters of the KAMAZ-2030 strategy, which was approved by the Board of Directors in December 2023. Company intends to increase revenue to ₽806 billion, which is 2.7 times higher compared to the base year of 2022. Achieve an EBITDA margin of 9%. Reach production and sales volumes before the 1993 engine plant fire of 60,0...

MOEX Group (Moscow Exchange)

Moscow Exchange has suspended trading on the stock market again. Reason for the suspension is not reported.