Stock market news

Rusolovo

Glavgosexpertiza issued a permit to Rusolovo for the construction of an underground mine at the Pravourmyskoye tin ore deposit in the Verkhnebureinsky District of Khabarovsk Territory. Construction of the underground mine is planned as part of the investment project to create a mining and processing enterprise on the basis of the Pravourmyskoye tin deposit....

Magnit

Couriers of Magnit Delivery will start delivering orders from restaurants and partner stores. First partners of Magnit will be network companies that operate in the catering market. At the first stage Magnit will cooperate with partners who have the necessary technical capabilities to connect to the infrastructure of the retailer. By the end of the year it i...

Credit Bank of Moscow

Moscow Credit Bank's IFRS net profit for 2023 amounted to ₽59.78 billion, up 8 times from ₽7.47 billion in the previous year. Revenue increased 92.3% to ₽116.18 billion against ₽60.43 billion a year earlier.

VTB Bank

VTB's net profit in 2024 should reach ₽435 billion, in 2025 - ₽520 billion, and in 2026 to reach ₽650 billion, said at the presentation of the bank's development strategy for 2024-2026 Deputy Chairman of the bank Dmitry Pyanov. Net interest margin is planned to increase to 3.6% by 2026. Return on equity in 2024 and 2025 should be at the level of 19%, and in...

TMK

TMK management will agree on a dividend recommendation for 2023 in April, said Igor Baryshnikov, TMK's Director for Strategy and Capital Markets. TMK's dividend policy provides for distribution of at least 25% of IFRS net profit for dividends if Net Debt / Scorr. EBITDA is below 5.5x. Profit for 2023 amounted to ₽39.4 billion, Adjusted EBITDA - ₽130.1 billio...

Raspadskaya

Raspadskaya's raw coal production in 2023 amounted to 18.9 million tons, down 12% year-on-year from 21.5 million tons. Sales volume increased by 2% to 14.5 million tons of coal products.

Raspadskaya

Raspadskaya's IFRS net profit for 2023 amounted to $440 mln, down 43.7% year-on-year from $782 mln. Revenue decreased by 22.2% to $2.21 bln vs. $2.842 bln a year earlier.

Rostovoblgaz

Gazprom Gazoraspredelenie Rostov-on-Don's RAS net profit for 2023 amounted to ₽2.259 billion, up 2.1 times from ₽1.061 billion in the previous year. Revenue increased 27.1% to ₽12.664 billion against ₽9.963 billion a year earlier.

Renaissance Insurance

Renaissance Insurance's RAS net profit for 2023 amounted to ₽8.2 billion, compared to a loss of ₽2.133 billion in the previous year. Earned insurance premiums rose 13.5% to ₽57.23 billion against ₽50.42 billion a year earlier.

VK

Education platform Skillbox is planning an IPO, three sources told RBC on the investment market. According to another source, the syndicate of underwriters for the offering has not yet been formed, but he admitted that the IPO of Skillbox may take place this year. In 2020, VK allowed for an IPO of its educational projects, including Skillbox and GeekBrains,...