Stock market news

RUSAL

Rusal has allocated sales volumes for 2023 and is now selecting the most profitable sales portfolio for next year. This year, Rusal lost access to premium markets, but significantly increased the share of shipments to China and other Asian countries. Their share increased from 23% at the end of the first half of 2022 to 33% by mid-2023. Company became the wo...

Magnit

Retailer Magnit announced the launch of the second round of share buyback from non-resident investors. Company intends to purchase up to 8.024 million shares, which corresponds to 7.9% of the authorized capital. Repurchase price is set at ₽2215 per share as authorized by the government commission, the same as during the first round. Bids for the buyback will...

Gazprom

Gazprom Energoholding started construction of Russia's largest foundry complex for the production of gas turbine blades in the Uzlovaya Special Economic Zone in the Tula Region. Such turbines are widely used by Gazprom at natural gas production and transportation facilities, hydrocarbon raw materials processing, power and heat generation for consumers. Const...

Kovrov Mechanical Plant

Kovrov Mechanical Plant's net profit under RAS for 9 months of 2023 amounted to ₽7.436 million, down 3 times from ₽22.54 million in the previous year. Revenue increased 11.2% to ₽1.387 billion vs. ₽1.247 billion a year earlier.

Rushydro

RusHydro has confirmed its readiness to participate in the construction of the Krapivinskaya HPP in the Kemerovo Region. Currently, the sources of financing for the project are being discussed. Earlier, Vladimir Putin instructed the government together with the Kemerovo Region authorities to consider the issue of completing the construction of Krapivinskaya...

PepsiCo

PepsiCo's GAAP net income for 9 months of 2023 totaled $7.831 billion, down 7.2% from $8.443 billion in the previous year. Revenue increased 8.9% to $63.621 billion from $58.396 billion a year earlier.

Raspadskaya

Raspadskaya's RAS net profit for 9 months 2023 amounted to ₽6.409 billion, down 4.4 times from ₽28.24 billion in the previous year. Revenue fell 11.1% to ₽20.747 billion against ₽23.343 billion a year earlier.

Nebius Group

Yandex.Business has begun operating in Kazakhstan. Service helps entrepreneurs to promote their brand, automatically place advertisements on various sites and offer their services in Search and Yandex.Maps.

Sberbank

Sberbank's RAS net profit for 9 months of 2023 amounted to ₽1.129 trillion. Net interest income increased by 38.1% to ₽1.675 trillion. Fee and commission income grew by 18.9% to ₽515.2 billion.

PIK-specialized developer

Centrotrust does not intend to interfere in the development strategy of developer PIK, said the CEO of the new shareholder Kirill Kubushka. Earlier it became known that the largest shareholder of PIK Sergey Gordeev ceased to own a controlling stake in the company - his share decreased from 52.49 to 32.49%, and 20% of the developer passed to a combined ZPIF I...