Stock market news

Worthington Industries

Worthington Industries' GAAP net income for 3 months of fiscal 2024 was $99.703 million, up 52.8% from $65.244 million in the prior year. Revenue declined 15.3% to $1.193 billion compared to $1.409 billion a year earlier.

Micron Technology

Micron Technology's GAAP loss for fiscal year 2023 was $5.833 billion, against a profit of $8.687 billion in the previous year. Revenue fell by half to $15.54 bln vs. $30.76 bln a year earlier.

Federal Grid Company - Rosseti

Federal Grid Company-Rosseti's IFRS net profit for 6 months of 2023 amounted to ₽123.87 billion, revenue - ₽678.85 billion. Figures for the same period last year are not disclosed by the company.

Federal Grid Company - Rosseti

Federal Grid Company-Rosseti's RAS net profit for 6 months of 2023 amounted to ₽202.24 billion, up 6.4 times from ₽31.85 billion in the previous year. Revenue rose 27.9% to ₽160.93 billion against ₽125.8 billion a year earlier.

Rosneft Oil Company

Rosneft received a patent for a technology to monitor energy consumption of oil and gas production equipment. Company specialists apply unique algorithms that analyze the digital twin of downhole equipment, simulating the optimal operating mode. Economic effect from the technology application will amount to more than ₽10.7 billion over five years.

Rostelecom

Rostelecom intends to automate software development, data analytics and testing using artificial intelligence on the basis of its own Lukomorye platform within two to three years. Creation of the platform will make it possible to cope with the deficit of IT personnel, which is estimated at 500-700 thousand people in Russia. Operator plans both to use the pla...

Far-Eastern Shipping Company

Fesco launches an intermodal container service from Southeast and East Asia to Moscow via the Chinese port of Dalian and the Zabaikalsk checkpoint. Estimated transit time of delivery is about 30-35 days depending on the port of shipment in Asia. Cargo traffic is based on auto parts, household appliances, foodstuffs and other consumer goods.

Alrosa

Diamond mining company Alrosa plans to expand its offer of small-sized polished diamonds, which were previously produced in smaller volumes, for Russian jewelry companies in the mid-price segment. Company also intends to continue the development of investment diamond program products. Since the abolition of VAT in October last year, sales of such polished di...

Sistema

Pharmaceutical company Binnopharm Group plans to enter the markets of Southeast Asia with its products in the near future. In particular, in Vietnam, Indonesia, Malaysia, the Philippines and Thailand. It will take approximately 1.5 years to enter these markets.

Henderson

Men's clothing chain Henderson plans to hold an IPO on the Moscow Exchange by the end of the year, sources told RBC. Company intends to place 10-15% of shares and raise about ₽3-4 billion. Thus, Henderson expects a valuation of ₽27-30 billion. Company revenue at the end of 2022 amounted to ₽12.4 billion, profit - ₽1.8 billion. EBITDA at the end of 2023 is ex...