Stock market news

RUSAL

Rusal has made an upfront payment of $13 million for a stake in alumina producer HWNM. Company is buying 30% of China's HWNM for CN¥1.911 bln, or about $267 mln, but the amount may be adjusted depending on the size of HWNM's working capital and debt at closing. In any case, the price is not expected to exceed CN¥2.5 billion, or about $349.2 million. Closing...

Globaltrans Investment

Globaltrans has completed the process of redomiciliation from Cyprus to the Abu Dhabi Global Market Economic Zone. Company confirms retention of its depository program and listing on the London and Moscow Stock Exchanges. Updated Articles of Association will be available shortly on the Globaltrans corporate website.

Tatneft

Tatneft's IFRS net profit for 2023 amounted to ₽286.26 billion, up 0.5% from ₽284.9 billion in the previous year. Revenue rose 11.4% to ₽1.589 trillion against ₽1.427 trillion a year earlier.

Positive Technologies Group

Board of Directors of Positive Technologies Group recommended that dividends be paid for 3 months 2024 in the amount of ₽47.3 per ordinary share. The last day of the purchase of securities to receive dividends is April 18, 2024. Dividend yield may amount to 1.87%.

Seligdar

Seligdar Holding and Rosgeologiya JSC signed an agreement providing for joint geological study and exploration of ore gold deposits in the Aldan District of Yakutia. Prospective areas, including Dzhekondinskaya and Kurachan, are located in the vicinity of Seligdar Holding's existing production complexes - Ryabinovy and Podgolechny.

Tomsk Switching Company

Tomsk Distribution Company's IFRS net profit for 2023 amounted to ₽388.08 million, up 18.8% from ₽326.77 million in the previous year. Revenue rose 10.9% to ₽9.319 billion against ₽8.405 billion a year earlier.

Far-Eastern Shipping Company

VMTP's container turnover for the first two months of 2024 totaled 130,816 TEU, up 23% year-on-year. In February, the port handled more than 60,000 TEU.

Rosgosstrakh

Rosgosstrakh's IFRS net profit for 2023 amounted to ₽4.603 billion, down 6.5% from ₽4.921 billion in the previous year. Earned premiums decreased 12.6% to ₽77.309 billion versus ₽88.484 billion a year earlier.

Nebius Group

Yandex scooters appeared in Adler and Sirius. Ninebot Max Plus 2022 are available for rent. Each scooter has a holder for a phone to make it more convenient to follow the route in the navigator. Scooter charge will last for an average of five hours of travel. Renting a scooter is possible at two rates - Fix and Minute. First one is suitable for a known route...

Alrosa

Alrosa should decide on the upcoming investment cycle to support production after 2030, Sakha (Yakutia) Republic Aysen Nikolaev said during a working meeting with Russian President Vladimir Putin. Construction of the largest Mir-Gluboky mine in Mirny, which began this year, is expected to provide jobs in diamond mining for 50 years. However, to avoid problem...