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Financial results of Cherkizovo Group for 9 months of 2024
Cherkizovo Group reported revenue growth of 16.6% for 9 months of 2024, reaching RUB 188.1 billion. The company continues to strengthen its position thanks to growing demand for its products and an active investment program aimed at expansion and efficiency improvement. Find out ...
DVMP's financial statements under RAS for 9M2024, please comment.
An analysis of DVMP's financial statements for the first 9 months of 2024 shows a significant deterioration in key indicators. The company's revenue decreased by 22%, the net loss amounted to RUB 2.15 billion, and the cost of sales continues to grow, leading to negative gross profit. These data indicate the financial difficulties the company is facing and the possible need to revise its strategy....
How S&P 500's Dependency on China's Economy Affects Stock Returns and Investment Risks
... has long been the largest market for retail sales and smartphones. For instance, analysts have noted that for Apple Inc., the Chinese consumer market is its largest smartphone market, and a decline in sales in China immediately impacts the company's revenue. The slowdown in China's economic growth and the fall in consumer demand there lead to a decrease in corporate profits for many multinational companies. Collectively, the influence of Chinese consumption on global markets is significant: a decline ...
MTS Q3 2024 Financial Results and What They Mean for Investors
MTS summed up the results of the 3rd quarter of 2024, showing stable growth of key financial indicators. Net profit amounted to 1 billion rubles against the background of increasing interest expenses, and consolidated revenue grew by 15.3%, reaching 180.4 billion rubles. The ecosystem direction also demonstrated success: the number of customers using four or more products increased by 30%. Read about how MTS plans to adapt to changing economic conditions and maintain ...
Russian oil has fallen below the price cap.
... Urals discount to Brent at $10 per barrel by August 2024. This, by the way, is the minimum discount since the beginning of the year: at the start of the year, the discount was $16, the expert adds.
The drop in Russian oil prices poses risks to budget revenues. The IEA has calculated that Russia's oil and petroleum product exports in August were at their lowest level since March 2021, falling by 290,000 barrels per day compared to July, to 7 million barrels per day. Revenue fell by $1.6 billion, down ...