Stock market news

3M

3M's GAAP loss for 6 months of 2023 was $5.855 billion, compared to a profit of $1.385 billion in the prior year. Revenue declined 6.7% to $16.356 billion from $17.531 billion a year earlier.

PulteGroup

PulteGroup's GAAP net income for 6 months of 2023 was $1.253 billion, up 13.2% from $1.107 billion in the prior year. Revenue increased 10.5% to $7.764 billion from $7.029 billion a year earlier.

General Electric

General Electric's GAAP net income for 6 months of 2023 totaled $7.882 billion, compared to a loss of $2.146 billion in the prior year. Revenue increased by 16.4% to $31.185 bln vs. $26.802 bln a year earlier.

Spotify Technology

Spotify's IFRS loss in Q2 2023 amounted to €302 million, up 2.4 times from €125 million in the previous year. Revenue increased by 10.9% to €3.177 billion from €2.864 billion a year earlier.

X5 Group

X5 Retail Group plans to bring the Chizhik hard discounter format to the Krasnodar Territory and Rostov Region by the end of summer. Since the beginning of 2023, the retailer has opened more than 100 new stores in the Kuban, Don and Stavropol regions. By the end of the year, the total number of new openings will amount to more than 350.

VK

RuStore has opened a console for all foreign publishers. Now they can not only download applications to the store, but also promote and connect the store's technologies, including payments, push notifications and geo-services. More than 500 foreign apps are now available in the store, including the popular social network Likee, the online game PUBG and mobil...

Moscow confectionery factory Krasny Oktyabr

Moscow Confectionary Factory Red October's RAS net profit for 6 months of 2023 amounted to ₽571.09 million, down 2.4% from ₽585.19 million in the previous year. Revenue increased 26.5% to ₽8.558 billion against ₽6.767 billion a year earlier.

International Trade Centre

International Trade Center's RAS net profit for 6 months of 2023 was ₽2.044 billion, against a loss of ₽0.316 billion in the previous year. Revenue rose 18.1% to ₽3.68 billion against ₽3.116 billion a year earlier.

Ozon Holdings

Ozon launched a sorting center in Armenia to make it easier for local sellers to enter the Russian market and ensure prompt delivery of goods. Logistics facility with an area of 2,000 square meters by floor will ensure the receipt and processing of orders, their picking and packing, as well as work with returns. In the future, the company plans to develop a...

Far-Eastern Shipping Company

Fesco is studying the possibility of creating a modern container terminal in the Astrakhan region to serve the growing cargo traffic of the North-South international transportation corridor. Launching the terminal complex will allow Fesco not only to scale existing routes on the Trans-Caspian branch of the ITC, but also to organize its own logistics services...