Stock market news

Mosgorlombard

Board of directors of Mosgorlombard set the date of preferred shares conversion on May 13. After the conversion the free float will increase from 14.6% to 27.6%.

Sollers

Board of Directors of Sollers recommended that dividends be paid for 2023 in the amount of ₽89 per ordinary share. The last day of the purchase of securities to receive dividends is July 4, 2024. Dividend yield may amount to 9.84%.

Abrau-Durso

Abrau-Durso's RAS net profit for 3 months of 2024 amounted to ₽951.45 million, up 2-fold from ₽469.53 million in the previous year. Revenue rose 12.1% to ₽71.95 million against ₽64.21 million a year earlier.

RN-Western Siberia

RN-West Siberia's RAS loss for 3 months of 2024 amounted to ₽10.55 million, up 29.8% from ₽8.13 million in the previous year.

Solidcore Resources

Polymetal exchanged another 8,347,580 common shares, or 1.76% of outstanding shares. Since the beginning of the exchange, the company has repurchased a total of 13,429,659 shares, or 2.84% of shares outstanding. Shareholders can take advantage of the opportunity to exchange shares held at NSD for new shares issued on AIX until September 30, 2024.

Solidcore Resources

Polymetal for 3 months of 2024 produced 117 thousand ounces of gold equivalent, up 2% from 115 thousand ounces a year earlier. Sales volumes decreased by 7% to 116 thousand gold equivalent ounces. Revenues increased by 26% to $294 million. Company confirms its 2024 production guidance of 475 thousand ounces of gold equivalent.

Rosseti Ural

Board of Directors of Rosseti Ural recommended a dividend of ₽0.05441 per share for 2023 and another ₽0.03836 per share for the first 3 months of 2024. Last day to purchase securities for dividends is June 13, 2024. Total dividend payout yield could be 13.84%.

PIK-specialized developer

PIK's IFRS net profit for 2023 was ₽52.31 billion, down 39.5% from ₽86.49 billion in 2021. Revenue increased 54% to ₽585.27 billion against ₽380.16 billion.

Softline

Softline's RAS net profit for 3 months of 2024 amounted to ₽11.57 million, up 22.7% from ₽9.43 million in the previous year. Revenue rose 4.4% to ₽6.62 billion against ₽6.34 billion a year earlier.

Sistema

Sistema's RAS net profit for 3 months of 2024 amounted to ₽63.16 billion, up 2.3 times from ₽27.85 billion in the previous year. Revenue fell 57.9% to ₽402.81 million against ₽957.42 million a year earlier.