Stock market news

Tatneft

Board of Directors of Tatneft recommended to pay dividends of ₽25.17 per ordinary and preferred share for 2023. Last day to buy securities for dividends is July 8, 2024. Dividend yield on common stock could be 3.47% and on preferred stock - 3.46%.

Rosbank

Board of Directors of TCS Holding assumes that based on market benchmarks, a capital multiple in the range of 0.9-1.1 may be used for a fair valuation of Rosbank. At the same time, the final valuation will be determined based on the results of an independent valuation and will depend on the results of a due diligence review conducted with the involvement of...

TCS Holdings

Board of Directors of TCS Holding assumes that based on market benchmarks, a capital multiple in the range of 0.9-1.1 may be used for a fair valuation of Rosbank. At the same time, the final valuation will be determined based on the results of an independent valuation and will depend on the results of a due diligence review conducted with the involvement of...

RUSAL

Government authorities will soon consider support measures for Rusal, including the abolition of export duties and the purchase of the company's products as a reserve, said Deputy Head of the Ministry of Industry and Trade Viktor Yevtukhov. Deputy Minister added that in order to make a decision on support measures it is necessary to analyze the global balanc...

QIWI

Qiwi expects to recognize a loss of ₽22.7 billion in 2024 on the sale of its Russian business. Company has already recognized an impairment of ₽14.4 billion on the divested assets. Following the sale of the Russian assets, Qiwi intends to focus on developing its payment and financial services business in Kazakhstan, including kiosk payment acceptance, bulk p...

QIWI

QIWI's IFRS net profit for 2023 was ₽1.024 billion, compared to a loss of ₽1.063 billion in the previous year. Revenue increased 71% to ₽7.205 billion against ₽4.214 billion a year earlier.

Rushydro

Ministry of Energy proposes that the government set the cost of RusHydro's 360 MW Vladivostok TPP-2 modernization at ₽63.6 billion, which is only ₽0.6 billion lower than the company's own proposal. Power company launched the first 120MW unit late on April 1 without approved CAPEX, so it gets a low capacity tariff. Now RusHydro is asking regulators to recalcu...

Cian

Founders and other major shareholders of Cian exchanged their securities for stakes in Cian Technology, registered in the Republic of Seychelles. As a result of the exchange, Cian Technology received about 70% of Cian, becoming a new holding company. In the future, it will be redomiciled to Russia and listed on the Moscow Exchange. After that, holders of Cia...

Territorial Generating Company № 14

Board of Directors of TGC-14 recommended paying dividends of ₽0.00128871140954 per ordinary share for 2023. Last day to purchase securities for dividends is June 3, 2024. Dividend yield could be as high as 7.78%.

Novorossiysk Bakery Products Plant

Novorossiysk Bread Products Combine's RAS net profit for 3 months of 2024 amounted to ₽1.49 billion, up 13.7% from ₽1.31 billion in the previous year. Revenue rose 0.8% to ₽2.65 billion vs. ₽2.63 billion a year earlier.