Page 149 - RusRPTApr24

manufacturers started canceling Russian orders and refusing to ship ready supplies due to international sanctions over the invasion of Ukraine. Though Russia’s development minister has vowed to establish domestic processor manufacturing by 2028, efforts by Baikal Electronics to master integrated circuit packaging have exposed the industry’s current limits.
9.2.8 Telecoms corporate news
Revenue of mobile operator MTS under the International Financial Reporting Standards (IFRS) increased by 13.5% to 606 bln rubles ($6.66 bln) in 2023, the company said in its report.
The consolidated revenue of MTS in the Q4 of 2023 rose by 18% year-on-year and amounted to 168 bln rubles ($1.85 bln).
Net profit of mobile operator MTS under the IFRS increased by 67.5% to 54.6 bln rubles ($600.32 mln) in 2023. The operator’s net profit for the Q4 of 2023 amounted to 16.1 bln rubles ($177.01 mln).
MTS OIBDA for the Q4 of 2023 increased by 3.9% and amounted to 56.7 bln rubles ($623.27 mln), for 2023 this figure increased by 6.4% to 234.2 bln rubles ($2.57 bln).
9.2.9 Tourism corporate news
9.2.10 Utilities & Renewables corporate news 9.2.11 Mines and Minerals - gold & diamonds
Polyus is going to unveil a new development schedule and updated parameters for the Sukhoi Log goldfield in the Irkutsk Region and receive first gold in the project, CEO of the Russian gold miner Alexey Vostokov told TASS.
Russian President Vladimir Putin has authorized the acquisition of 100% of the shares of the international company Highland Gold, owned by Highland Gold Mining Limited, according to a decree from the head of state published on Tuesday. "To authorize the transaction to acquire 100% of the shares of the international company Highland Gold Joint Stock Company, owned by Highland Gold Mining Limited," the document says. Highland Gold Mining has gold mining projects in the Khabarovsk, Kamchatka regions and
149 RUSSIA Country Report April 2024 www.intellinews.com