Stock market news

NOVATEK

China's Guanghan Gas Turbin has been heavily involved in supplying turbines to start the first production line of Arctic LNG 2, the Financial Times reported. "Russia was able to complete the first production line with minor modifications and they have a solution for the second," Ben Seligman, an Arctic oil and gas development project specialist, told the pub...

Mosgorlombard

Board of directors of Mosgorlombard on February 28 will consider the issue of implementation of stabilization measures to maintain the share price. Company may repurchase securities from the market in case the share price falls below a certain level.

SPB Exchange

Inspection of Bank of Russia showed that SPB Exchange did not file a bankruptcy petition in November. Regulator established the fact of market manipulation in trading of exchange's shares and believes that it was a deliberate action. Materials of the inspection were sent to law enforcement agencies.

Mechel

Mechel's IFRS net profit for 2023 amounted to ₽24.25 billion, down 2.7 times from ₽65.17 billion in the previous year. Revenue fell 6.5% to ₽405.88 billion against ₽434.05 billion a year earlier.

Mechel

Mechel's coal production in 2023 amounted to 10.365 million tons, down 8% year-on-year. Iron and steel production decreased by 2% to 3.164 million tons and 3.489 million tons, respectively. Sales of long products declined 7% to 2.398 million tons, while flat products sales fell 7% to 373,000 tons. Sales of coking coal concentrate decreased by 21% to 3.117 mi...

European Eltech

European Electrotechnics' RAS net profit for 2023 amounted to ₽1.203 billion, up 3 times from ₽0.319 billion in the previous year. Revenue decreased by 4% to ₽1.45 billion vs. ₽1.51 billion a year earlier.

Samolet Group of Companies

Samolet developer entered the market of construction software for developers with its own product Samolet 10D. Solution is designed to manage and automate the entire construction cycle and covers any needs in construction - from design to apartment delivery. Performance of Samolet itself after its implementation increased by 57%, the cost of construction dec...

Ozon Holdings

Ozon wants to expand its assortment in the Fashion category. For this purpose, the company intends in this year to increase the number of sellers of fashion goods by 1.5 times. Last year, the turnover of the Fashion category on Ozon grew 2.5 times. Clothes, shoes and accessories on Ozon are sold by more than 180 thousand entrepreneurs and brands. Number of b...

Phosagro

PhosAgro in 2023 increased supplies to the domestic market by 12% to 3.3 million tons. Over the past five years, the Company has invested over ₽4 billion in the development of its distribution network. During this time, the number of distribution centers increased from 19 to 34, and the total capacity of logistics complexes exceeded 850,000 tonnes.

QIWI

The Central Bank has revoked the banking license of Qiwi Bank. The credit organization ranked 89th in the banking system in terms of assets. The reason was violations of federal laws regulating banking activities and systematic violations of anti-money laundering legislation, the Central Bank said in a statement.