Stock market news

Rusagro

Ministry of Agriculture has filed a lawsuit to suspend the corporate rights of RosAgro.plc in relation to its Russian entity PJSC Rusagro Group. After the court grants the application, RosAgro.plc shareholders will be able to distribute shares in the Russian company in proportion to their indirect interest in its capital.

Rostelecom

Rostelecom operator has separated commercial IT solutions into an independent cluster - this should make it possible to separate commercial products from solutions for the state. In the future, the new structure may hold an IPO, experts believe.

Fix Price Group

Fix Price opened its first store in the United Arab Emirates in July, Fix Price managing director Dmitry Kirsanov said. He also noted that stores in Belarus and Kazakhstan are showing strong growth in LFL sales.

Magnit

Retailer Magnit became the owner of 33.01% of the hypermarket chain in the Far East Samberi, as follows from the data of the Unified State Register of Legal Entities. Earlier it was reported that under the terms of the deal Magnit also received an option to buy out the remaining share of the regional retailer within 5 years. Chain Samberi has 30 hypermarkets...

Fix Price Group

Fix Price's IFRS net profit for 6 months of 2024 amounted to ₽9.1 billion, down twofold from ₽19.65 billion in the previous year. Revenue rose 9.4% to ₽148.39 billion against ₽135.68 billion a year earlier.

Fix Price Group

Fix Price's retail revenue for 6 months of 2024 grew by 10.5% to ₽132.7 billion, while wholesale revenue increased by 0.9% to ₽15.7 billion. LFL - sales increased by 1.9%. Number of net openings totaled 308 and the total selling space of the chain's stores increased 5% to 1,457,000 square meters.

VK

VK's IFRS loss for 6 months of 2024 amounted to ₽24.62 billion, doubling from ₽11.37 billion in the previous year. Revenue rose 22.6% to ₽70.19 billion against ₽57.25 billion a year earlier.

Sberbank

Sberbank's IFRS net profit for 6 months of 2024 amounted to ₽816.1 billion, up 10.7%. Net interest income rose 21.8% to ₽1.413 trillion. Commission income rose 9.9% to ₽393.6 billion.

Ozon Holdings

Ozon launched sales for residents of Azerbaijan. Republic has become the sixth CIS country where the company is developing its business. In the future, the company plans to involve local entrepreneurs in sales on the platform and launch a flow of goods from Azerbaijan to Russia and other CIS countries.

Mobile TeleSystems

MTS launches an additional offer to buy back shares from non-residents who would like to sell their securities but for one reason or another could not participate in the tender offer announced on April 27, 2024. At that time, the company bought back 26,211,866 shares, or 1.31% of its capital. MTS is now ready to buy another 57,705,102 shares, or 2.89% of the...