Stock market news

M.Video

M.Video-Eldorado's total sales for 6 months of 2023 decreased by 16.5% to ₽219 billion. Online sales decreased by 11.9% to ₽155.4 billion. Share of online sales in GMV increased by 3.7 p.p. to 71%. Company opened 13 M.Video stores in a compact format. The new format retains most of the assortment familiar to visitors while reducing the area by almost half. S...

M.Video

M.Video's IFRS loss for 6 months of 2023 amounted to ₽6.136 billion, up 33.2% from ₽4.606 billion in the previous year. Revenue declined 18.1% to ₽179.2 billion against ₽218.82 billion a year earlier.

Sollers

Sollers Auto Concern will start production of cars at Azermash enterprise in Azerbaijan in the fall of 2023. Company also has plans to enter the markets of other countries. First of all, this concerns the Customs Union countries, with which the documents required for the launch are unified, including the Russian vehicle approval is recognized.

NetEase

The NetEase Board of Directors announced a quarterly dividend of $0.525 per share. The last day to buy securities to receive the dividend is September 6, 2023. The annual dividend yield may reach 1.97%.

Nizhnekamskneftekhim

Nizhnekamskneftekhim's RAS net profit for 6 months of 2023 amounted to ₽2.682 billion, down 17.5 times from ₽47.091 billion in the previous year. Revenue fell 33.7% to ₽100.8 billion against ₽152.09 billion a year earlier.

Sollers

Autoconcern Sollers expects to sell at least 10 thousand Atlant and Argo cars in 2023. In addition, the company plans to start deliveries of Argo light commercial vehicles to Belarus. At the moment the sales volume of Atlant and Argo is about 3 thousand cars.

Kazanorgsintez

Kazanorgsintez's RAS net profit for 6 months of 2023 amounted to ₽11.739 billion, down 46.1% from ₽21.768 billion in the previous year. Revenue declined 26.1% to ₽51.411 billion against ₽69.543 billion a year earlier.

Territorial Generating Company № 14

TGC-14's IFRS net profit for 6 months of 2023 amounted to ₽862.78 million, up 2.9 times from ₽294.25 million in the previous year. Revenue rose 17.8% to ₽8.541 billion against ₽7.248 billion a year earlier.

Sollers

Auto Concern Sollers has launched a full cycle of production of the Sollers Atlant commercial vehicle at the Elabuga plant, including welding and body painting. Initially, the production of Sollers Atlant began in the format of large-unit assembly at the end of November 2022. Now Sollers has deepened the localization of production and is engaged in small-uni...

Kovrov Mechanical Plant

Kovrov Mechanical Plant's IFRS net profit for 6 months of 2023 amounted to ₽1.344 billion, compared to a loss of ₽0.201 billion in the previous year. Revenue rose 5.2% to ₽1.026 billion against ₽0.975 billion a year earlier.