Stock market news
Government will give Gazprom Neft a refundable tax deduction at 9% per annum
State Duma passed a law on a refundable tax deduction for Gazprom Neft. Document provides a tax deduction for MET in the amount of ₽1.111 billion per month from April 1, 2023 to March 31, 2029 within …
Paramount in 2022 to quadruple in size
Paramount's GAAP net income for 2022 was $1.214 billion, down 3.8 times from $4.631 billion the previous year. Revenue increased 5.5% to $30.154 billion from $28.586 billion a year earlier.
Severstal plans to increase sales by 7% in 2023
Severstal in 2023 plans to increase sales by 7.3%, to 11.7 million tons, and take the leading position in the domestic market. Company also intends to increase sales on non-CIS markets. Severstal expe…
Russneft increased oil and condensate production in 2022
Oil and condensate production by RussNeft in 2022 amounted to 6.456 million tons, having increased by 4.5% as compared to 6.179 million tons a year earlier. Gas production increased by 3.6% to 1.866 b…
Yandex Market began crediting its sellers
Marketplace Yandex.Market has launched a new service called Money for turnover. Service can be used by sellers who have a turnover of up to ₽3 million a month on the Marketplace and have been working …
RussNeft reported for 2022 according to RAS
RussNeft's RAS net income for 2022 was ₽8.408 billion, down 2.3 times from ₽19.444 billion in the previous year. Revenue rose 19.9% to ₽274.77 billion compared to ₽229.26 billion a year earlier.
SMW started producing products for growing single crystals
SMW began production of lithium metaniobate, a product that no one else in Russia produces on an industrial scale. The plant will produce pressed and hardened lithium metaniobate in the form of specia…
Modernization of Cherepetskaya TPP can paid for by industry
Government will develop a special funding mechanism for Inter RAO to switch the loss-making Cherepetskaya TPP from coal to gas. They want to give the power plant the status of a "forced" generation fa…
QuidelOrtho's revenue doubled in 2022
QuidelOrtho's GAAP net income for 2022 was $548.7 million, down 22.1% from $704.2 million in the previous year. Revenues increased 92.2% to $3.266 billion from $1.699 billion a year earlier.
Energy Transfer reported for 2022
Energy Transfer's distributable cash flow for 2022 was $9.249 billion, down 3.9% from $9.627 billion the previous year. Revenue increased 33.3% to $89.876 billion from $67.417 billion a year earlier.
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