Stock market news

QIFA

QIFA has recently conducted several cross-border transactions with settlements in USDT stablecoin. Due to sanctions, normal cross-border payments are delayed for up to three months, while USDT allows for settlement in one day.

Bank St. Petersburg

Supervisory Board of Bank Saint-Petersburg approved the share buyback program. Company will acquire up to 20 mln shares by the end of January 2025. Purpose of the buyback - to increase capitalization.

Pre-IPO

Finam Financial Group plans to launch two pre-IPO funds of ₽3 billion each in the fall. One of the funds will focus on companies in the IT sector. It will invest in companies that have either a very strong or near-monopoly position in their market segments, benefiting from import substitution. Second fund will have a broader profile, focusing on companies wi...

TNS Energy Group

TNS Energy's RAS net profit for 6 months of 2024 amounted to ₽2.67 billion, down 9 times from ₽23.9 billion in the previous year. Revenue declined 2.2% to ₽1.895 billion against ₽1.938 billion a year earlier.

Fix Price

Fix Price chain in the first half of the year opened 21 franchise stores, 19 of which - in Russia. At the same time, the network of partners opening Fix Price franchise stores expanded by 12 new legal entities. 70% of Fix Price franchisees own one store, two - 13%, three and more - 17%. Largest franchisee owns 45 outlets.

Magnit

Dixy chain has started scaling a new store concept. New CVP implies a greater focus on ready-to-eat, fast food products. Thus, the updated stores have a wider assortment of fresh bakery products from own bakeries, and the usual orange color in store design was supplemented by purple. At the moment 21 stores of the chain operate in the updated concept. By the...

Volgograd Energosbyt

Volgogradenergosbyt's RAS net profit for 6 months of 2024 amounted to ₽1.02 billion, up 37.8% from ₽0.74 billion in the previous year. Revenue rose 2.4% to ₽16.8 billion against ₽16.4 billion a year earlier.

NOVATEK

Novatek started transportation of the second liquefaction train for the Arctic LNG-2 project from Murmansk. Platform will be towed to Gydan, where, tentatively in mid-August, its installation will begin at the Utrenny terminal, near the project's resource base. Shipments from the first line of the LNG plant, which was ready for launch in December last year,...

IMCB

IMCB's RAS net profit for 6 months of 2024 amounted to ₽80.09 million, up 27% from ₽63.06 million in the previous year. Revenue increased by 18.4% to ₽164.64 million against ₽139.03 million a year earlier.

Sollers

Sollers' RAS net profit for 6 months of 2024 amounted to ₽4.87 billion, against a loss of ₽0.04 billion in the previous year.