Stock market news

Samolet Group of Companies

Board of Directors of Samolet has appointed a new head of the company. Andrei Ivanenko will become the new CEO of the developer. He will take office on February 29. Authorities of the former head of the company Anton Elistratov will be terminated early on February 28, 2024 at his personal request.

Unipro

Unipro's IFRS net profit for 2023 amounted to ₽22.04 billion, up 3.6% from ₽21.27 billion in the previous year. Revenue rose 12.1% to ₽118.63 billion against ₽105.8 billion a year earlier.

T-Bank

Tinkoff Bank has started delivering debit and credit cards to Crimea. Meetings with representatives of the bank will be held in Simferopol and Sevastopol. Currently, seven banks operate in Crimea: Sberbank, Promsvyazbank, VTB-owned Russian National Commercial Bank, Rossiya Bank, Genbank, Industrial Savings Bank and Black Sea Bank for Development and Reconstr...

KAMAZ

Kamaz plans to increase truck production to 220 vehicles per day in the 4th quarter of 2024. In 2025, the daily production rate may increase to 240 vehicles. At the moment, the main assembly line is already able to maintain a stable rate of 200-210 vehicles per day, and the priority task for 2024 is to master the heavy-duty family of trucks of the K5 generat...

Solidcore Resources

Polymetal is still postponing until May a decision on 2023 dividends and future dividend policy, the company's head Vitaly Nesis said. Earlier, Polymetal announced the sale of the Russian business for $3.69 billion, including $2.21 of net debt and dividends to Polymetal of $1.429 billion, of which ₽1.151 billion will be used to repay intragroup debt. Discuss...

UGC

Reached with Transneft agreements on relocation of Transneft-Ural pipeline expand UGC's gold production opportunities. Transfer of pipeline will free up for production at least 40 tons of gold at the Bereznyakovskoye deposit in the Urals. Measures to relocate the oil pipeline began last summer.

Fix Price Group

Net profit of Fix Price's operating subsidiary, Best Price LLC, for 2023 amounted to ₽21.97 billion under RAS, up 11.5% from ₽19.7 billion in the previous year. Revenue increased 3.3% to ₽281 billion against ₽272.09 billion a year earlier.

Mosgorlombard

Mosgorlombard entered into a strategic agreement with Promsvyazbank to securitize its portfolio of pawnshop loans and finance M&A transactions. Rights of claim of the pawnshop on loans issued will be used as collateral for loans issued by the bank. Group is also negotiating the acquisition of a number of pawnshop chains in the Moscow region, and this agreeme...

M.Video

M.Video Group has launched a pilot project of service zones where equipment purchased from other retailers can be repaired. Company explains the appearance of the format by the closure of authorized centers of foreign manufacturers. Experts believe that service centers primarily create image advantages, and the company's strong position in the retail market...

KAMAZ

Kamaz Autoconcern has lost the leadership to the Chinese Sitrak, which occupies 20% of the Russian market. According to Avtostat, 1,473 Chinese Sitrak and 1,385 Russian Kamaz vehicles were registered in January 2024. Total truck sales in the first month of the year amounted to 7,524 vehicles, up 10% year-on-year. Indicator has almost reached the record value...