Stock market news

Mordovian Energy Supply Company

Mordovian Power Supply Company's RAS net profit for 6 months of 2024 amounted to ₽171.96 million, up 23.7% from ₽139 million in the previous year. Revenue rose 4.2% to ₽3.95 billion against ₽3.79 billion a year earlier.

UGC

Yuzhuralzoloto completed construction of the Vysokoye gold extraction plant, a project that has been underway since 2017. Production capacity of the plant is 5.5 tons of gold per year. Deposit reserves exceed 100 tons of gold. Total investments of the company in the project amounted to more than ₽42 billion.

Samolet Group of Companies

Samolet's RAS net profit for 6 months of 2024 amounted to ₽3.19 billion, down 11.4% from ₽3.6 billion in the previous year. Revenue increased 37.9% to ₽4.26 billion against ₽3.09 billion a year earlier.

Rosseti North-West

Rosseti North-West's RAS net profit for 6 months of 2024 amounted to ₽2.9 billion, up 3 times from ₽0.96 billion in the previous year. Revenue rose 8% to ₽28.99 billion against ₽26.85 billion a year earlier.

VK

YouTube download speed may drop to 40% by the end of the week and 70% by the end of the next week, said deputy Alexander Khinshtein in his Telegram channel. Speed reduction will affect only desktop versions of video hosting, for mobile devices the speed will remain the same. This is a forced step, directed not against Russian users, but against the administr...

TMK

TMK's RAS net profit for 6 months of 2024 amounted to ₽35.53 billion, down 21.4% from ₽45.19 billion in the previous year. Revenue fell 4.3% to ₽236.72 billion against ₽247.41 billion a year earlier.

QIFA

QIFA has recently conducted several cross-border transactions with settlements in USDT stablecoin. Due to sanctions, normal cross-border payments are delayed for up to three months, while USDT allows for settlement in one day.

Bank St. Petersburg

Supervisory Board of Bank Saint-Petersburg approved the share buyback program. Company will acquire up to 20 mln shares by the end of January 2025. Purpose of the buyback - to increase capitalization.

Pre-IPO

Finam Financial Group plans to launch two pre-IPO funds of ₽3 billion each in the fall. One of the funds will focus on companies in the IT sector. It will invest in companies that have either a very strong or near-monopoly position in their market segments, benefiting from import substitution. Second fund will have a broader profile, focusing on companies wi...

TNS Energy Group

TNS Energy's RAS net profit for 6 months of 2024 amounted to ₽2.67 billion, down 9 times from ₽23.9 billion in the previous year. Revenue declined 2.2% to ₽1.895 billion against ₽1.938 billion a year earlier.