Stock market news

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.

MMC Norilsk Nickel

Nickel production by Norilsk Nickel in 3 months of 2024 decreased by 10% to 42.1 thousand tons. Copper output increased by 1% to 109.76 thousand tons. Palladium output increased by 3% to 745 thousand ounces. Platinum output decreased by 1% to 178 thousand ounces. Company confirmed its plan for 2024: 184-194 thousand tons of nickel, 334-354 thousand tons of c...

SPB Exchange

SPB Exchange will allow all Russian brokers, including sanctioned brokers, to trade. Relationships with brokers of VTB and Alfa-Bank have already been restored. In 2022, the Exchange stopped working with brokers of other companies under sanctions in order to reduce the risks of falling under the restrictive measures itself. However, after the trading floor i...

MMC Norilsk Nickel

MMC Nornickel decided to set up smelting facilities for copper concentrate in China, which would get rid of settlement problems and bring the product closer to the place of consumption, and then the final product would be sold as Chinese. And Chinese product is much harder to sanction in China than Russian product coming into China. Company also expects to g...

Softline

Softline enters the market of the Republic of Kazakhstan by forming a Hub in Almaty, which will become a link between Russian IT technologies and Central Asian companies. Representation in Kazakhstan will be the starting point for entering the entire Central Asian market. This is a fundamentally important step for the launch of the expansion strategy, the co...