Stock market news
Russneft postponed realization of promising projects
RussNeft adjusted its investment program and postponed implementation of promising projects due to the current situation on the oil market. The projects on development of Vostochno-Kamennoye oilfield …
Transneft may announce a share split in September
Transneft Board of Directors Committee supported the proposal of the administration and management of the company to split the shares 100 times to increase their liquidity, said Gennady Shmal, a membe…
MTS will create its own 4G and 5G base stations
MTS will develop 4G/5G base stations with the OpenRAN open architecture. Company plans to invest ₽5.6 billion in the project and receive another ₽5.4 billion in budget financing. Production is schedul…
Broadcom reported for 9 months of fiscal year 2023
Broadcom's GAAP net income for 9 months of fiscal 2023 was $10.558 billion, up 29.8% from $8.136 billion in the prior year. Revenue increased 9.3% to $26.524 billion compared to $24.273 billion a year…
36.6 bought the Ramenskoye pharmacy chain Farmakon
Pharmacy chain 36.6 bought Pharmakon, which operates 18 pharmacies in Ramensky District, Moscow Region. Transaction took place in a non-standard format for the market - the seller assigned the lease r…
Hello Group reported for 6 months of 2023
Hello Group's GAAP net income for 6 months of 2023 was CN¥957.06 million, up 51.2% from CN¥633.13 million in the previous year. Revenue fell 4.8% to CN¥5.957 billion from CN¥6.259 billion a year earli…
MD Medical's shareholders approved the redomiciliation
MD Medical shareholders approved the redomiciliation from Cyprus to a special administrative district on Oktyabrsky Island in Kaliningrad Region. Redomiciliation will take 4 to 9 months.
Abrau-Durso intends to supply at least 1 million bottles to China by 2024
Abrau-Durso plans to export at least 1 million bottles of sparkling wine to China by 2024. China can also become a good platform for the company's new products, as there is interest in Russian product…
OMZ reported for 6 months of 2023 by IFRS
United Machine Works' IFRS net profit for 6 months of 2023 amounted to ₽0.935 billion, down 13 times from ₽12.037 billion in the previous year. Revenue declined 20.2% to ₽8.014 billion against ₽10.047…
VTB reported for 7 months of 2023 by IFRS
VTB's IFRS net profit in July 2023 amounted to ₽35.6 billion, YTD - ₽325.4 billion. Net interest income in July amounted to ₽66.2 billion, in 7 months of 2023 - ₽434.1 billion. Bank maintains its 2023…
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