Stock market news

Mobile TeleSystems

MTS is changing its billing system for the first time in 20 years. New Telecom platform was developed in-house and is to be gradually implemented over three years. Telecom platform will allow MTS to launch services for converting some ecosystem services into others, for example, exchange of unused traffic into trips with the help of Yurent or content into Ki...

RUSAL

Aluminum producer Rusal has started using Shanghai Exchange quotations in aluminum trading with China. Switching to local quotations amid significant trade volumes with Asian buyers is a common practice, LME indicators are more traditional, while the use of Shanghai and London price systems, depending on the situation, can expand the seller's room for maneuv...

Whoosh

Ministry of Transport has developed a draft order that provides for the creation of road infrastructure for means of individual mobility, including electric scooters. Document envisages the creation and placement of bicycle and bicycle-pedestrian paths, bicycle lanes, and parking spaces for SIMs.

MMC Norilsk Nickel

MMC Nornickel, TMK and Cuban Cubaniquel will assess the feasibility of work at nickel deposits in the Olguin province in Cuba, said Alexei Rudnev, Head of the Solid Minerals Geology Department of Rosnedr. Cuban side has also additionally provided materials on Moa nickel deposit for assessment by these companies. Assessment is planned to be completed by July...

Tomsk Switching Company

Tomsk Distribution Company's RAS net profit for 2023 amounted to ₽357.16 million, up 17.8% from ₽303.18 million in the previous year. Revenue rose 10.9% to ₽9.319 billion against ₽8.405 billion a year earlier.

RUSAL

Rusal's RAS net profit for 2023 amounted to ₽90.228 billion, up 16.9 times from ₽5.333 billion in the previous year. Revenue declined 3 times to ₽30.898 billion against ₽93.661 billion a year earlier.

EL5-Energo

EL5-Energo's RAS net profit for 2023 amounted to ₽2.987 billion, compared with a loss of ₽7.239 billion in the previous year. Revenue increased 10.5% to ₽53.218 billion against ₽48.144 billion a year earlier.

South Urals Nickel Plant

South Urals Nickel Plant's RAS loss for 2023 amounted to ₽468.11 million, compared to a profit of ₽343.51 million in the previous year. Revenue increased 4.5 times to ₽301.48 million against ₽66.3 million a year earlier.

Pre-IPO

Developer of the production automation solution CyberTsekh has opened a round of investment attraction. Company's product plans, manages and optimizes production activities. Self-learning kernel adapts to the specifics of a particular production, analyzes actions and makes optimal decisions with the help of artificial intelligence. In the first round, it pla...

KAMAZ

Military-Industrial Commission of Russia has transferred JSC Muromteplovoz, which is involved in the fulfillment of the state defense order, to Kamaz for management. Autoconcern will exercise the powers of the sole executive body and the general meeting of shareholders or the board of directors of JSC Muromteplovoz to the extent necessary to fulfill the comp...