Stock market news

T-Bank

T-Bank is working on creating its own online sales service, sources told Vedomosti. Project launch is planned for the fall of 2024. A representative of T-bank confirmed the information about the development, noting that the service will not be a “marketplace in the literal sense”. Analysts believe that the bank may focus on an IT product operating under the...

Cherkizovo Group

Cherkizovo Group will expand the capacity of the Pit-Product plant in the Leningrad Region to produce jamon and dried sausage by 2 times, up to 5,000 tons per year. Investment in the project will total up to ₽3 billion.

Moscow City Telephone Network

MGTS' IFRS net profit for 6 months of 2024 amounted to ₽11.96 billion, up 37.2% from ₽8.72 billion in the previous year. Revenue rose 1.4% to ₽21.7 billion against ₽21.4 billion a year earlier.

Mechel

Mechel's IFRS loss for 6 months of 2024 amounted to ₽15.98 billion, up 4.6 times from ₽3.47 billion in the previous year. Revenue rose 5.8% to ₽205.95 billion against ₽194.69 billion a year earlier.

EvroTrans

EuroTrans management will propose to the board of directors to pay dividends for 6 months of 2024 in the amount of 4.32 per share, said company's CEO Oleg Alekseenkov in a statement to shareholders. Total dividend for 2024 is projected by the management at ₽30 per share.

Territorial Generating Company № 14

TGC-14's IFRS net profit for 6 months of 2024 amounted to ₽640.65 million, down 22.6% from ₽827.78 million in the previous year. Revenue increased 11.2% to ₽9.5 billion against ₽8.54 billion a year earlier.

Mobile TeleSystems

MTS' IFRS net profit for 6 months of 2024 amounted to ₽47.6 billion, up 58.7% from ₽30 billion in the previous year. Revenue rose 18% to ₽332.18 billion against ₽281.6 billion a year earlier.

Pre-IPO

Startup Eat&Meet raises ₽10 million for 5% of the company. Service solves the problem of choice. Platform randomly gathers participants and selects a restaurant to meet. With Eat&Meet, people find friends, soulmates, business partners and like-minded people.

IVA Technologies

IVA Technologies' IFRS net profit for 6 months of 2024 amounted to ₽499 million, up 3.1% from ₽484 million in the previous year. Revenue rose 48.6% to ₽1.07 billion against ₽0.72 billion a year earlier.

NovaBev Group

NovaBev Group's IFRS net profit for 6 months of 2024 amounted to ₽2.02 billion, down 33.8% from ₽3.05 billion in the previous year. Revenue increased 19.1% to ₽57.1 billion against ₽47.93 billion a year earlier.