Stock market news

Far-Eastern Shipping Company

Tasked with managing all maritime traffic on the Northern Sea Route and being responsible for part of the northern imports, commented Alexey Likhachev, Director General of Rosatom, on the transfer of Fesco shares to the state corporation. One day earlier, Russian President Vladimir Putin signed a decree on the transfer of Fesco shares to Rosatom State Corpor...

Yakovlev

Yakovlev's board of directors set the price of the additional shares offering at ₽21.8007 per paper. Company plans to place 32 billion additional shares by private subscription in favor of a classified circle of persons. Payment for the shares may be made in cash or property, as well as by set-off of counter monetary claims.

OGK-2

OGK-2's IFRS net profit for 9 months of 2023 amounted to ₽15.837 billion, down 6.5% from ₽16.941 billion in the previous year. Revenue increased 14.3% to ₽119.86 billion against ₽104.89 billion a year earlier.

Territorial Generating Company № 1

Territorial Generating Company No. 1's IFRS net profit for 9 months of 2023 amounted to ₽4.153 billion, up 18.6% from ₽3.502 billion in the previous year. Revenue declined 1.6% to ₽72.502 billion against ₽73.709 billion a year earlier.

Mosenergo

Mosenergo's IFRS net profit for 9 months of 2023 amounted to ₽2.05 billion, down 5.4 times from ₽11.024 billion in the previous year. Revenue increased 9% to ₽167.86 billion against ₽154.05 billion a year earlier.

RUSAL

Rusal launched production of foundry alloys with the addition of aluminum scrap, the share of which in the final product was increased from 20% to 25-30%. Equivalent primary foundry alloy is intended for Rusal's customers in the automotive industry. Careful approach to scrap selection ensures comparable performance of the casting alloy equivalent to primary...

Bank St. Petersburg

Government commission may soon approve the deal on sale of the European Bank for Reconstruction's share in the capital of Bank Saint-Petersburg to its shareholders, said Frank Media sources. As of the end of 2021, the EBRD owned 4.9% of Bank Saint Petersburg shares.

SPB Exchange

Investors are likely to be able to sell foreign securities on SPB Exchange until January 31, 2024. Analysis of the sanctions imposed on the platform is still being conducted by financial market participants and the Bank of Russia, but the regulator expects a positive outcome, said head of the Consumer Protection and Financial Services Availability Service of...

Magnit

Retailer Magnit has closed a deal to purchase the KazanExpress marketplace and is starting to integrate this platform to launch its own marketplace, Magnit Market, on its basis. Acquisition of KazanExpress will allow Magnit to quickly enter a new for the company fast-growing segment of marketplaces and take a significant share there, spending less time and o...

VK

VK's revenue for 9 months of 2023 increased by 37% to ₽90.3 billion. Average daily audience of VK services increased by 16% to 76 million users. Time spent increased by 8% to 3.4 billion minutes per day.