Stock market news

Moscow confectionery factory Krasny Oktyabr

Red October's RAS net profit for 6 months of 2024 amounted to ₽110.1 million, down 5 times from ₽571.09 million in the previous year. Revenue increased 6.8% to ₽9.14 billion against ₽8.56 billion a year earlier.

NOVATEK

Novatek's RAS net profit for 6 months of 2024 amounted to ₽108.25 billion, down almost three times from ₽319.94 billion in the previous year. Revenue rose 15% to ₽436.64 billion against ₽379.7 billion a year earlier.

T-Bank

T-Bank is preparing to launch its own non-state pension fund, Tinkoff Pension. Company has already received a license from the Bank of Russia, which allows it to operate in the pension market, including participation in the long-term savings program. Fund will be based on the "Perpetual Portfolio" strategy, which invests in shares, long-term and short-term b...

Mosenergo

Mosenergo's power plants for 6 months of 2024 generated 34.33 billion kW∙h of electricity, which is 6.7% more than 32.18 billion kW∙h a year earlier. Heat output increased by 10.6%, amounting to 49.9 million Gcal.

Rushydro

Electricity generation by RusHydro Group, including Boguchanskaya HPP, for 6 months of 2024 amounted to 76.7 bln kWh, up 7% year-on-year. Heat supply in the Far Eastern Federal District decreased by 0.5% to 17.2 mln Gcal. Total useful output of the Group's energy sales companies amounted to 26.1 bln kWh, up 6.3%.

LSR Group

LSR's RAS net profit for 6 months of 2024 amounted to ₽13.39 billion, down 36.6% from ₽21.13 billion in the previous year. Revenue increased 22% to ₽30.36 billion against ₽24.89 billion a year earlier.

Ashinskiy metallurgical works

Ashinskiy Metallurgical Plant's RAS net profit for 6 months of 2024 amounted to ₽4.62 billion, down 15.8% from ₽5.49 billion in the previous year. Revenue declined 8.1% to ₽22.12 billion against ₽24.08 billion a year earlier.

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...