Stock market news

MD Medical Group Investments

MD Medical shareholders approved the redomiciliation from Cyprus to a special administrative district on Oktyabrsky Island in Kaliningrad Region. Redomiciliation will take 4 to 9 months.

Abrau-Durso

Abrau-Durso plans to export at least 1 million bottles of sparkling wine to China by 2024. China can also become a good platform for the company's new products, as there is interest in Russian products there, but local consumers have rather specific tastes, said Pavel Titov, head of Abrau-Durso.

United Heavy Machinery

United Machine Works' IFRS net profit for 6 months of 2023 amounted to ₽0.935 billion, down 13 times from ₽12.037 billion in the previous year. Revenue declined 20.2% to ₽8.014 billion against ₽10.047 billion a year earlier.

VTB Bank

VTB's IFRS net profit in July 2023 amounted to ₽35.6 billion, YTD - ₽325.4 billion. Net interest income in July amounted to ₽66.2 billion, in 7 months of 2023 - ₽434.1 billion. Bank maintains its 2023 profit forecast at ₽400 billion, even amid a tightening operating environment, which was reflected in a sharp increase in the key rate by the Bank of Russia in...

Phosagro

Phosagro has invested ₽400 billion over 10 years in capacity development. Investment cycle has resulted in an 80% increase in output of key products, from 6.1 million tons in 2013 to 11.1 million tons in 2022. In the future, the company will continue to follow the chosen development strategy and intends to invest more than ₽250 billion over the next 5 years.

Salesforce

Salesforce's GAAP net income for 6 months of fiscal 2024 was $1.466 billion, a multiple of $0.096 billion compared to $0.096 billion in the prior year. Revenue increased 11.4% to $16.85 billion versus $15.13 billion a year earlier.

Cherkizovo Group

Cherkizovo Group plans to increase the share of export revenues in the company's total revenue from 9% to 10% or more by the end of 2023, said Natalia Bartnovskaya, Director of Foreign Economic Development at TD Cherkizovo LLC. Company's strategic goal is to increase not only the volume but also the profitability of exports. Thus, since 2018, the profitabili...

Phosagro

Board of Directors of Phosagro recommended that dividends be paid for 6 month 2023 in the amount of ₽126 per ordinary share. The last day of the purchase of securities to receive dividends is September 7, 2023. Dividend yield may amount to 1.71%.

Donskoy Factory of Radiocomponents

Donskoy Zavod Radiodetalei's IFRS loss for 6 months of 2023 amounted to ₽524 million, against a profit of ₽160.29 million in the previous year. Revenue rose 59.2% to ₽1.597 billion versus ₽1.003 billion a year earlier.

SFI

SFI's IFRS net profit for 6 months of 2023 amounted to ₽10.933 billion, a multiple of ₽0.09 billion compared to ₽0.09 billion in the previous year. Net interest income rose 29.7% to ₽7.621 billion versus ₽5.875 billion a year earlier.