Stock market news

Moscow confectionery factory Krasny Oktyabr

The Board of Directors of the Moscow Confectionery Factory Krasny Oktyabr recommended paying dividends based on the results of 2023 in the amount of ₽0.1 per ordinary share and ₽0.13 per preferred share. The last day of buying securities for receiving dividends is July 8, 2024. The dividend yield on both types of securities will not exceed 0.1%.

RosDorBank

Shareholders of RosDorBank approved dividends for 2023 in the amount of ₽15.85 per ordinary share. The last day of purchase of securities to receive dividends is May 27, 2024. Dividend yield may amount to 7.58%.

Alrosa

Shareholders of Alrosa approved dividends for 2023 in the amount of ₽2.02 per ordinary share. The last day of purchase of securities to receive dividends is May 30, 2024. Dividend yield may amount to 2.49%.

Acron

Acron's IFRS net profit for the first 3 months of 2024 was ₽6.476 billion, down 59.2% from ₽15.882 billion in the previous year. Revenue declined 3% to ₽51.355 billion from ₽52.964 billion a year earlier.

Rostelecom

Rostelecom's management recommended a dividend of 6.06 rubles for each ordinary and preferred share based on the results of 2023, and the proposals were sent to the government. This was announced to journalists by the company's president Mikhail Oseevsky. The dividend yield on ordinary shares may be 5.7%, and on preferred shares-6.7%.

Saratov oil refinery plant

The Board of Directors of Saratov Oil Refinery recommended paying a dividend of ₽240.67 per preferred share based on the results of 2023. The last day of buying securities for receiving dividends is July 5, 2024. The dividend yield may be 2.1%.

Softline

Softline will enter the Middle East market and open a hub in the UAE. The main goal in the Middle East will be to promote its own products, services, and solutions from Russian vendors, the company said. Now the Russian company already has such a hub in Kazakhstan.

MOEX Group (Moscow Exchange)

MOEX Group's net profit under IFRS for 3 months of 2024 was ₽19.354 billion, an increase of 35% compared to ₽14.334 billion in the previous year. Fee and commission income increased by 45.9% to ₽14.533 billion from ₽9.96 billion a year earlier.

SPB Exchange

Shares of Element Group will start trading on the St. Petersburg Stock Exchange on May 30. The securities will be included in the first quotation list of securities admitted to trading. According to various estimates, the company's value could be estimated at ₽117-140 billion rubles.

Inter RAO

Inter RAO is considering the possibility of building new power plants with a capacity of up to 500 MW in the Siberian power grid to cover the power shortage. This was stated by the company's CEO Sergey Dregval at a meeting of the Committee on Economic Policy of the Federation Council.