Stock market news

Raspadskaya

Raspadskaya's IFRS net profit for 2023 amounted to $440 mln, down 43.7% year-on-year from $782 mln. Revenue decreased by 22.2% to $2.21 bln vs. $2.842 bln a year earlier.

Rostovoblgaz

Gazprom Gazoraspredelenie Rostov-on-Don's RAS net profit for 2023 amounted to ₽2.259 billion, up 2.1 times from ₽1.061 billion in the previous year. Revenue increased 27.1% to ₽12.664 billion against ₽9.963 billion a year earlier.

Renaissance Insurance

Renaissance Insurance's RAS net profit for 2023 amounted to ₽8.2 billion, compared to a loss of ₽2.133 billion in the previous year. Earned insurance premiums rose 13.5% to ₽57.23 billion against ₽50.42 billion a year earlier.

VK

Education platform Skillbox is planning an IPO, three sources told RBC on the investment market. According to another source, the syndicate of underwriters for the offering has not yet been formed, but he admitted that the IPO of Skillbox may take place this year. In 2020, VK allowed for an IPO of its educational projects, including Skillbox and GeekBrains,...

Territorial Generating Company № 1

TGC-1's RAS loss for 2023 amounted to ₽0.779 billion, against a profit of ₽7.128 billion in the previous year. Revenue increased by 2.9% to ₽101.7 billion versus ₽98.8 billion a year earlier.

Magnitogorsk Iron and Steel Works

MMK sold 80 thousand tons of steel products worth ₽6 billion through the corporate marketplace in 2023. Sales volume increased 2.7 times compared to the previous year, when sales amounted to 30 thousand tons. In total, about 112 thousand tons of steel products have been sold through the electronic trading platform since its opening in April 2021. Company int...

TMK

TMK sold TMK-Kaztrubprom LLP in Kazakhstan in August 2023. Gain from the sale amounted to ₽89 million. Asset was acquired by TMK in 2008. Enterprise is equipped with modern process and control equipment for the production of tubing and casing pipes with nominal diameters from 60 mm to 178 mm. Capacity of the plant is 35 thousand tons of pipes per year. Kaztr...

Polyus

Polyus' gold production in 2023 amounted to 2.902 million ounces, up 14% year-on-year. Ore processing volume increased by 1% to 48.894 million tons. Recovery rate increased by 1.2pc to 83%. In 2024, company plans to produce 2.7-2.8 million ounces of gold. Reduction in production is mainly due to lower gold content in ore processed at the Olympics.

Polyus

Polyus' RAS net profit for 2023 amounted to ₽1.107 billion, against a loss of ₽241.36 billion in the previous year.

Polyus

Polyus' IFRS net profit for 2023 amounted to ₽151.39 billion, up 36.2% from ₽111.19 billion in the previous year. Revenue rose 59.7% to ₽469.61 billion against ₽294.07 billion a year earlier.