Russian precious metals miner Polyus reported 50% growth in second-quarter adjusted net profit to $365 million, GuruFocus.com reported.
The company’s share climbed 1.23% to 6,929.00 rubles ($106.07) on Tuesday after the announcement. Higher refined gold sales volumes and prices led revenue to increase 19% to $897 million, the report said.
The...
Russia's Rusal, the world’s second-largest aluminum producer, expects that global demand for aluminum will grow by 2% to 67.5 million tons this year, the company said in its report released at the Hong Kong Stock Exchange on Friday.
"We expect global demand for primary aluminum to grow by 2% year-on-year...
Russian mining and steel company Evraz has reached an agreement to sell its wholly-owned subsidiary Evraz Stratcor Inc., based in Arkansas, to a third party in July 2019, TASS reported citing the company’s 1H financial report released on Thursday.
"The group expects that the sale of this subsidiary will not...
Russian air carriers will need about 300 aircraft with a seating capacity of 30 to 110 passengers and nearly 500 planes that would seat less than 30 passengers within the next 20 years, Russia’s state tech corporation Rostec told Izvestia.
"Although regional aviation is not the largest segment in Russia...
Survey data from IHS Markit showed last week that Russia’s manufacturing sector contracted at a slower pace in July, mainly on further declines in output and new orders.
The Purchasing Managers’ Index, or PMI, for the manufacturing sector rose to 49.3 in July from 48.6 in June. Any reading below...
China’s Great Wall Motors (GWM) became the first automobile producer from the country that has signed a special investment contract (SPIC) with the government of Russia, Vedomosti reported.
A special commission composed of several Russian governmental agencies, institution and funds approved on July 31 a resolution to facilitate GWM's operation in the...
Starting August 1, AvtoVAZ is raising prices for the entire Lada model range by almost 1%, TASS informed.
“Yes, it is true. The adjustment is not related to suppliers. Prices are increased by exactly 0.9%,” AvtoVAZ said.
Avtomir, which is one of the largest dealers of the automobile plant, also reported...
The first publicly traded company in the Russian fashion retail industry, Obuv Rossii Group, has announced its operating results for 2Q and 1H ended 30 June 2019, BCS Express reports.
The group comprises of 849 stores in 329 cities of Russia and two production facilities. It’s consolidated unaudited revenue increased...
Russian company Rimera Group, the service division of steel pipe maker ChelPipe, has opened a subsidiary in the United Arab Emirates, the company said, according to Africa News.
The main purpose of the new subsidiary is to promote Rimera Group’s integrated oilfield services in the global market, the company said....
Russian state-controlled carrier Aeroflot is to purchase six re-engined medium-haul Airbus A320neo family aircraft, according to documents posted on the country’s public procurement portal. Deliveries of the aircraft are scheduled for 2020, Rusaviainsider.com reported.
The carrier placed a request for proposal (RFP) with a value up to US$566 million to...
