Stock market news

Rosseti Ural

Shareholders of Rosseti Ural approved dividends for 3 months 2024 in the amount of ₽0.03836 per ordinary share. The last day of purchase of securities to receive dividends is June 13, 2024. Dividend yield may amount to 5.9%.

Rosseti Ural

Shareholders of Rosseti Ural approved dividends for 2023 in the amount of ₽0.05441 per ordinary share. The last day of purchase of securities to receive dividends is June 13, 2024. Dividend yield may amount to 8.37%.

Magnitogorsk Iron and Steel Works

Shareholders of Magnitogorsk Iron and Steel Works approved dividends for 2023 in the amount of ₽2.752 per ordinary share. The last day of purchase of securities to receive dividends is June 7, 2024. Dividend yield may amount to 4.82%.

TMK

TMK has set the indicative price range for the SPO at ₽180-190 per share. Collection of applications for participation in the SPO will last until June 3, and the final share price under the offer will be set no later than June 4.

Bashneft

Bashneft's IFRS net profit for 3 months of 2024 amounted to ₽31.57 billion, up 3.8 times from ₽8.27 billion in 2021. Revenue rose 77.6% to ₽279.99 billion vs. ₽157.68 billion.

Rosneft Oil Company

Rosneft's IFRS net profit for 3 months of 2024 amounted to ₽399 billion, up 23.5% from ₽323 billion in the previous year. Revenue rose 42.3% to ₽2.594 trillion against ₽1.823 trillion a year earlier.

Bashneft

Bashneft's RAS net profit for 3 months of 2024 amounted to ₽24.37 billion, down 3.3% from ₽25.21 billion in the previous year. Revenue increased 57.5% to ₽211.52 billion against ₽134.27 billion a year earlier.

KuibyshevAzot

KuibyshevAzot opened a new JV in India to produce polymer-composite materials based on polyamide. Russian company owns 80% of the joint venture, Indian partners - 20%. Investments in the project amounted to ₽1 billion. Production capacity is 14 thousand tons per year.

Svetofor Group

Svetofor driving school's RAS net profit for 3 months of 2024 amounted to ₽70.9 million, up 7.5 times from ₽9.48 million in the previous year. Revenue grew 2.4 times to ₽186.38 million against ₽77.31 million a year earlier.

TMK

TMK will reduce capital expenditures by 34% year-on-year in 2024. Target for the company's capex for this year is ₽27 bln compared to ₽41 bln in 2023. To maintain current capacities, TMK plans to allocate ₽18 bln for maintenance and ₽9 bln for development.