Finance

In Q1, Akron increased its net profit under RAS 10 times to 7 bln rubles

Akron (Veliky Novgorod) increased its net profit under RAS 10 times in the first quarter of 2019. The company's revenue grew by 34%, according to the financial statements.

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Buryatzoloto’s Board of Directors recommends not to pay dividends

Board of Directors of Buryatzoloto (part of Nordgold) has recommended shareholders at the annual meeting on June 28 not to pay dividends for 2018.

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Alrosa sells 120 diamonds at auction in Vladivostok

Diamond mining company Alrosa received $9.65 million in revenue from sale of diamonds during a diamond auction held in Vladivostok from April 8 to April 19, 2019.

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25 kopecks more. Petrol goes up again.

Rosneft congratulated motorists on May Day - updated price tags at the Yuzhno-Sakhalinsk petrol stations. All brands of petrol went up by 25 kopecks.

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Bashneft to pay more than 28 bln rubles of dividends

Bashneft’s Board of Directors has recommended shareholders to approve dividends for 2018 at the level of 158.95 rubles per ordinary share and per preferred share of “A” class.

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Mikhail Gutseriev and his partners buy 67% in Kuzbass Fuel Company

Mikhail Gutseriev, his son Said, as well as businessmen related with him have received a controlling stake in Kuzbass Fuel Company, the Kommersant writes on Tuesday.

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It is planned to spend 150 billion roubles on the development of the gas engine fuel market in the Russian Federation.

The government of the Russian Federation will discuss the development of the gas engine fuel market in the country. A meeting on this issue will be held on May 7, 2019.

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Net profit of Rosseti amounts to more than 40 billion in Q1

According to the results of the first quarter of the current year, Rosseti's net income exceeded 40 billion rubles.

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In 2018, VSMPO-Avisma increased net profit by 11.3%

In 2018, the net profit of VSMPO-Avisma corporation under IAS increased by 11.3% compared to the previous year and amounted to $244.5 million, as it follows from the company's report.

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In 2018, net profit of Gazprom’s and Wintershall’s joint venture grew 1.5 times

In 2018, the net profit of Achimgaz - a joint venture of Gazprom and German Wintershall - amounted to 26.798 billion rubles, which is by 52.8% more than in 2017, it follows from the Gazprom’s

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