Stock market news

Severstal

Severstal is studying the possibility of building a pelletizing complex in Cherepovets. Preliminary terms of the project realization are 2023-2026. Investment in the project is estimated at approximately ₽70 billion.

Ozon Holdings

Ozon intends to obtain a primary listing on the Moscow Exchange and has submitted a prospectus of depositary receipts for registration with the Bank of Russia for this purpose. Company expects that the registration process will be completed in Q4 2023.

VSMPO-AVISMA Corporation

VSMPO-AVISMA's IFRS net profit for 6 months of 2023 amounted to ₽12.345 billion, up 3.1 times from ₽3.947 billion in the previous year. Revenue rose 3.9% to ₽54.373 billion against ₽52.356 billion a year earlier.

Whoosh

Operating company Vush Ltd. will pay ₽1.29 billion in dividends to its parent PJSC Vush Holding. Out of this money, the PJSC will be able to pay dividends to its shareholders in line with its adopted dividend policy of about ₽1.14 billion, or about ₽10 per share. Recommended dividends will be determined by Whoosh's board of directors in October.

VTB Bank

VTB reported a large additional provision charge due to credit losses, which affected the bank's net profit in August. In total, the bank earned ₽25.9 billion in profit for the month, while additional provisions amounted to ₽31.6 billion. Of these, only ₽7 billion were regular provisions created for the growth of the retail loan portfolio. The reason for the...

TMK

TMK has sold its scrap division TMK Meta LLC, according to the data of the Unified State Register of Legal Entities. Asset was acquired by the pipe company as part of the acquisition of ChTPZ Group in 2021. In 2022, TMK Meta LLC had revenue of ₽47.6 billion and net profit of ₽364 million. Alexey Zolotarev's Chermet Service LLC became the new owner of the com...

MOEX Group (Moscow Exchange)

Supervisory Board of Moscow Exchange approved a new development strategy until 2028, which envisages an increase in net profit to ₽65 billion, capitalization to ₽700 billion, and a ratio of operating expenses to commission income in the range of 50-55%. This is expected to be achieved through high fee income growth rates - CAGR of 13% and above and return on...

VTB Bank

VTB's IFRS net profit in August 2023 amounted to ₽25.9 billion, YTD - ₽351.2 billion. Net interest income in August amounted to ₽66.1 billion, for 7 months of 2023 - ₽500.2 billion.

MOEX Group (Moscow Exchange)

Supervisory Board of Moscow Exchange approved the dividend policy, which provides for the payment of dividends in the amount of at least 50% of the group's net profit according to IFRS. Previously, the minimum dividend target was 60%. In determining the amount of dividends, Moscow Exchange will continue to focus on free cash flow, taking into account planned...

LUKOIL

Lukoil Neftochim Burgas refinery in Bulgaria will probably be able to retain the right to process Russian oil until October 2024. Such a solution to the problem was proposed by the deputies of the economic commission of the Bulgarian parliament, who considered an amendment to the bill that restricts the supply of Russian oil for the needs of the enterprise....