Stock market news

Magnitogorsk Iron and Steel Works

MMK's RAS net profit for 6 months of 2024 amounted to ₽55.31 billion, up 1.2% from ₽54.63 billion in the previous year. Revenue rose 16.8% to ₽364.72 billion against ₽312.34 billion a year earlier.

NOVATEK

Novatek's IFRS net profit for 6 months of 2024 amounted to ₽345.44 billion, up 2.2 times from ₽158.17 billion in the previous year. Revenue rose 17% to ₽752.4 billion against ₽642.98 billion a year earlier.

Sovcombank

Sovcombank conducted an accelerated bookbuild, during which the bank's majority shareholders and key top managers sold some of their shares. As a result, their aggregate stake was reduced to less than 90%. Securities were purchased both by existing shareholders, including institutional and retail investors, and new investors, including the bank's clients. Pu...

EN+ Group

En+ Group plans to participate in tenders for construction of new generation in Siberia and the Far East. The company is interested in implementing the Mokskaya, Telmamskaya and Nizhne-Boguchanskaya HPP projects in Siberia with a combined capacity of 2.3 GW within 10-15 years. En+ Group expects to obtain financing for the projects from VEB.RF Project Finance...

Territorial Generating Company № 1

Electricity generation by TGC-1, including Murmanskaya CHPP, for 6 months of 2024 amounted to 17.074 billion kWh, up 9% year-on-year. Heat output increased by 8.6% to 15.252 mln Gcal.

Pre-IPO

Pelmeny chain Lepim i Varym, meat products supplier Meat Meat Company and restaurant chain Meat_Coin are planning to raise investment in pre-IPO deals. Meat_Soet Meat Company plans to raise the most funds - ₽450 million. Meat_Soin expects to raise ₽250 million, and the chain Bake and Cook expects to raise ₽200-300 million.

MOEX Group (Moscow Exchange)

Moscow Exchange has changed its clearing bank for settlements in Chinese yuan. Place of Bank of China, which earlier suspended itself from operations with sanctioned banks, was taken by ABC Bank. Experts point to the risks that a new bank for settlements in yuan may also leave the Moscow Exchange in August. In this case, transactions will be concluded on the...

T-Bank

TCS Holding has received 100% of the broker Investment Solutions, according to the data of the Unified State Register of Legal Entities. Prior to that, Alexander Gusev was the sole owner of the company. As of March 31, 2024, the assets of Investment Solutions amounted to ₽20.3 billion; since the beginning of the year, they have grown by almost ₽17 billion. T...

UralSib Bank

Uralsib Bank's net profit under RAS for 6 months of 2024 amounted to ₽10.41 billion, down 23% from ₽13.49 billion a year earlier. Calculated by Interfax based on the bank's turnover statement published on the Bank of Russia's website.

MTS-Bank

MTS Bank's net profit under RAS for 6 months of 2024 amounted to ₽7.5 billion, up 27% from ₽5.9 billion a year earlier. Calculated by Interfax based on the bank's turnover statement published on the Bank of Russia's website.