Stock market news

Magnit

Retailer Magnit is considering the possibility of launching a franchise for Magnit Go kiosks. Previously, the company developed only its own stores. Format of Magnit Go is focused on quick purchases and high traffic - such kiosks are opened on pedestrian streets, transport hubs, in parks, near offices, etc. Launched in January 2021, the network of 24 outlets...

Mechel

Mechel's coal production in 3 months of 2023 amounted to 2.105 million tonnes, down 25% year-on-year. Production of pig iron and steel decreased by 2% and 3%, amounting to 835 thousand tonnes and 906 thousand tonnes, respectively. Sales of long products decreased by 7% to 595,000 tonnes, while sales of flat products increased by 9% to 111,000 tonnes. Coking...

Noventiq

Noventiq's turnover for fiscal year 2022 was $1.571 billion, up 40% from $1.125 billion in the previous year. Software & Cloud turnover grew by 29% to $1.295 billion, IT services - 2.1 times to $168.06 million, hardware - 2.8 times to $107.26 million.

MOEX Group (Moscow Exchange)

Total volume of transactions on the OTC stock market with a central counterparty exceeded ₽1 billion since the launch of the service. OTC equity market with CC started operating on April 10, 2023. At the moment, over-the-counter transactions are available with 12 shares of Russian companies without a listing, as well as with shares from the stock exchange's...

KAMAZ

Automobile Concern Kamaz intends to pay dividends by the end of 2022, the company's CEO Sergey Kogogin said. "We plan to," he told journalists when asked about the company's readiness to pay dividends for 2022.

PIK-specialized developer

PIK will build a residential quarter with a total area of 100 th sq. m. in Sovetsky District of Vladivostok. Snezhny Park project in Snegovaya Pad microdistrict consists of seven buildings of 24 to 29 storeys in height. First stage includes two residential buildings and is planned to be commissioned in the first quarter of 2026.

Rosneft Oil Company

Rosneft's hydrocarbon production in 3 months of 2023 was 5.6 mln boe per day, up 1.3% quarter-on-quarter. Average daily gas production reached 1.5 million boepd, up 2.7% quarter-on-quarter in 2022. The share of gas in hydrocarbon production increased to 27.6%.

Rosneft Oil Company

Rosneft's IFRS net income for 3 months of 2023 was ₽323 billion, up 45.5% from ₽222 billion in the previous quarter. Revenue decreased by 1.1% to ₽1.823 trillion versus ₽1.843 trillion.

HP

HP's GAAP net income for 6 months of fiscal year 2023 was $1.553 billion, down 25.6% from $2.086 billion in the previous year. Revenue fell 20.2% to $26.741 billion from $33.518 billion a year earlier.

NOVATEK

Novatek is working on the possibility of building a new large-capacity LNG project in the Murmansk Region, consisting of three liquefaction lines with a capacity of 6.8 million tons each. Launch of the first two lines is scheduled for 2027, and the third line - for the end of 2029. Novatek plans to get gas for the plant from the Unified Gas Supply System, fo...