Stock market news

Sollers

Auto Concern Sollers has launched a full cycle of production of the Sollers Atlant commercial vehicle at the Elabuga plant, including welding and body painting. Initially, the production of Sollers Atlant began in the format of large-unit assembly at the end of November 2022. Now Sollers has deepened the localization of production and is engaged in small-uni...

Kovrov Mechanical Plant

Kovrov Mechanical Plant's IFRS net profit for 6 months of 2023 amounted to ₽1.344 billion, compared to a loss of ₽0.201 billion in the previous year. Revenue rose 5.2% to ₽1.026 billion against ₽0.975 billion a year earlier.

NetEase

NetEase's GAAP net income for 6 months of 2023 was CN¥14.87 billion, up 58% from CN¥9.413 billion in the previous year. Revenue rose 5% to CN¥49.058 billion compared to CN¥46.715 billion a year earlier.

Nebius Group

IT company Yandex has opened early access to the savings fintech service Seives with daily interest payments and the ability to deposit or withdraw money at any time without commission, which distinguishes the service from classic banking products. This is the first service in the Seives lineup - Yandex intends to offer other savings products in the future.

Sollers

Sollers Auto Concern has moved the production of Argo light-duty trucks from Elabuga to a new production site at the Ulyanovsk Automobile Plant. Previously, the model was assembled at Sollers Alabuga plant, as well as another commercial vehicle of the brand - Atlant. Transfer of Sollers Argo production to Ulyanovsk will allow to realize existing synergies wi...

NovaBev Group

Beluga Group shareholders approved the decision to change the name to Novabev Group and rebrand the company. New name is intended to emphasize the uniqueness of the business model that combines production, distribution and retail, to separate the company's brands and flagship vodka, and to focus on the group's coverage of all categories of spirits and wines....

Gazprom Neft

Gazprom Neft's IFRS net profit for 6 months of 2023 amounted to ₽306 billion, down 42% from ₽527.64 billion in the previous year. Revenue fell 14.6% to ₽1.552 trillion against ₽1.818 trillion a year earlier.

MMC Norilsk Nickel

MMC Norilsk Nickel has set up an office in Dubai, becoming the largest Russian metals and mining company to come to the UAE after the start of a special military special operation in Ukraine. According to Bloomberg sources familiar with the situation, Nornickel plans to perform some trading and administrative tasks from Dubai. Nornickel's press service decli...

NVIDIA

Nvidia's GAAP net income for 6 months of fiscal 2024 was $8.232 billion, up 3.6 times from $2.274 billion in the prior year. Revenue increased 38.1% to $20.699 billion, up from $14.992 billion a year earlier.

PIK-specialized developer

VTB completely withdrew from the capital of PIK. The bank owned 12.4% of the developer's shares.