Stock market news

Rostelecom

Operator Tele2 intends to rebrand due to the expiration of its brand license. Company has already developed a project that preserves continuity with the current brand and will present a new positioning and identity by the end of 2024.

Bashinformsvyaz

Bashinformsvyaz's IFRS net profit for 2023 amounted to ₽2.68 billion, down 6.3% from ₽2.86 billion in the previous year. Revenue increased 24.3% to ₽31.96 billion compared to ₽25.71 billion a year earlier.

Magnitogorsk Iron and Steel Works

Magnitogorsk Iron and Steel Works' RAS net profit for 2023 amounted to ₽114.2 billion, up 2.4 times from ₽48.31 billion in the previous year. Revenue rose 15% to ₽664.53 billion against ₽578.03 billion a year earlier.

MD Medical Group Investments

MD Medical Group's IFRS net profit for 2023 was ₽7.82 billion, up 65.7% from ₽4.72 billion in the previous year. Revenue increased 9.6% to ₽27.63 billion against ₽25.22 billion a year earlier.

Etalon Group

Etalon Group enters the development market in the Rostov region. Company acquired a 65% stake in a joint venture created to implement a project of integrated territory development in Rostov-on-Don on a plot of land of over 300 hectares, with the prospect of almost 3-fold increase of the development area up to 800 hectares. Expected realizable area of the 1st...

South Kuzbass Coal Company

Southern Kuzbass Coal Company's RAS net profit for 2023 amounted to ₽1.255 billion, down 10 times from ₽12.025 billion in the previous year. Revenue fell 23.7% to ₽44.205 billion against ₽57.958 billion a year earlier.

Softline

Softline's IFRS net profit for 2023 amounted to ₽3.078 billion, down by half from ₽6485 billion in the previous year. Revenue increased 30.1% to ₽73.181 billion against ₽56.246 billion a year earlier.

United Aircraft Corporation

UAC has resumed the testing program of the 68-seat IL-114 aircraft after a long break amid the IL-112V disaster, which crashed on approach in 2021. Il-114 and Il-112V aircraft are equipped with the TVS117-ST engine. Engine installed on the test sample has undergone a set of improvements. In addition, a new auxiliary propulsion system TA14-114 was installed,...

Zaymer

Microfinance company Zaimer plans to open an IPO order book in early April, sources told Vedomosti. According to them, the company plans to place securities worth ₽3 billion. Experts estimate the entire company at ₽35-40 billion.

Nizhnekamskneftekhim

Nizhnekamskneftekhim's IFRS net profit for 2023 amounted to ₽16.64 billion, up 83.5% from ₽9.07 billion in 2020. Revenue increased 53.4% to ₽236.23 billion vs. ₽153.99 billion.