Stock market news

MOEX Group (Moscow Exchange)

Moscow Exchange's IFRS net profit for 2023 amounted to ₽60.77 billion, up 67.5% from ₽36.29 billion in the previous year. Commission income rose 39.3% to ₽52.24 billion against ₽37.49 billion a year earlier. Interest income rose 14.4% to ₽52.21 billion against ₽45.63 billion in the previous year.

T-Bank

TCS Group re-registered from Cyprus to the Russian special administrative district on Russky Island. Trading in the company's securities on the Moscow Exchange will resume after the automatic conversion of TCS Group's depositary receipts into TCS Holding shares is completed.

Sistema

Owned by AFK Sistema, the building of the automatic telephone exchange on Profsoyuznaya Street in Teply Stan will be reconstructed into a three-star hotel with 145 rooms, according to the materials of the Moscow City Architecture Committee. Corporation back in 2018 considered the possibility of building an apart-hotel under the brand Cosmos Stay in its place...

Gazprom

Operator of the Sakhalin-2 project offers Chinese buyers to purchase 12 LNG cargoes per year for a period of 3-5 years. This is about 1 million tons of LNG, which is comparable to the volume of the offtake contract of Shell, which left the project. By reducing spot sales volumes in this way, Sakhalin-2 probably wants to insure itself in case of a further dec...

MOEX Group (Moscow Exchange)

RSPP has proposed amendments to legislation that would establish bilateral restitution when companies are deprivatized. This is the right of the state to repossess a particular property, but also the right of the owner to compensation at market price, taking into account previous expenses. Initiative is supported by Russian President Vladimir Putin, emphasiz...

United Medical Group

Igor Shilov and other EMC shareholders sold a controlling stake in the company to the EMC management team. Stake was bought by CEO Andrey Yanovsky, CFO Dmitry Shmelev and HR and Organizational Development Director Svetlana Miklukha. "We believe that the transaction will lead to further improvement of corporate governance standards and will be positively rece...

Gazprom

Operator of the Sakhalin-2 project, Sakhalin Energy LLC, still sells about 60% of its liquefied natural gas production to Japan, according to the company's materials. In addition, shipments to South Korea remain, and shipments to China account for about 25% of the company's portfolio. LNG production at Sakhalin-2 in 2023 amounted to about 10 million tons, do...

Severstal

Severstal launched an investment project to build heating furnace No. 3 at Mill 2000 at Cherepovets Steel Mill. This is the third stage of technical re-equipment of the furnace section of CherMK's busiest hot strip mill. Mill 2000 produces about 65% of CherMK's output. Investments in the project will amount to more than ₽6 billion.

LUKOIL

Lukoil Oil Company signed a concession agreement with the Egyptian State Oil Corporation for exploration, development and development of an additional section of the West Ash El-Mallaha field in the Eastern Desert. Document was signed at the international oil and gas exhibition EGYPES 2024 in the capital Cairo. Several other Russian companies operating in th...

NOVATEK

Independent gas producer Novatek produced its first liquefied natural gas at the Arctic LNG 2 plant last December, the company said in its annual report. Medium-tonnage LNG plant Cryogas-Vysotsk produced 812,000 tons of LNG in 2023. Yamal LNG's production volumes are not given. It is only reported that production at the Yuzhno-Tambeyskoye field, which is the...