Stock market news

UGC

Yuzhuralzolot's RAS loss for 6 months of 2024 amounted to ₽0.86 billion, down twofold from ₽1.76 billion in the previous year. Revenue rose 6.8% to ₽6.886 billion against ₽6.45 billion a year earlier.

MMC Norilsk Nickel

MMC Nornickel is in talks with China Copper on a joint venture that would allow the Russian mining giant to move its entire copper smelting base to China, sources told Reuters. Decision on the joint venture will be made within the next few months. Capacity of the new venture would produce 450,000 tons of copper a year, which is about 2% of the world's 22 mil...

Kovrov Mechanical Plant

Kovrov Mechanical Plant's RAS net profit for 6 months of 2024 amounted to ₽75.61 million, compared to a loss of ₽26.47 million in the previous year. Revenue increased 24.4% to ₽1.113 billion against ₽0.895 billion a year earlier.

Sollers

Sollers plans to restart production at the former plant of Japanese Isuzu, now Sollers Komtrans, in Ulyanovsk in the 4th quarter of 2024. Medium-duty trucks under the Sollers brand will be put on the assembly line. Presentation of the new line of trucks is planned to be held by the company this fall.

Novolipetsk Iron and Steel Works

NLMK's machine builders manufactured a railcar dumper for the first time. Equipment with a total weight of 220 tons is intended for the Altai-Koks plant. This powerful unit can take a railcar, lock it and turn it over for fast and efficient unloading of bulk materials.

GAZ

Arbitration Court of Nizhny Novgorod Region partially satisfied the claim of Gorkovsky Avtozavod against Volkswagen and ruled to recover ₽16.9 billion from the German automobile concern. Starting from 2021, the defendant Volkswagen began to violate its obligations under the diesel engine supply contract and in March 2022 completely repudiated the contract. G...

Yandex

Yandex Go scooters have appeared in Tashkent and can be rented through the service's app. Cost of a ride starts from 890 soums per minute.

Sberbank

Sberbank's RAS net profit for 6 months of 2024 amounted to ₽768.7 billion, up 5.6% year-on-year. Net interest income increased by 16.9% to ₽1.244 trillion. Fee and commission income increased by 9.7% to ₽353.8 billion.

Transneft

Shareholders of Transneft approved dividends for 2023 in the amount of ₽177.2 per preferred share. The last day of purchase of securities to receive dividends is July 17, 2024. Dividend yield may amount to 11.25%.

LSR Group

LSR is developing five development projects in the UAE. Sales and construction of one of the residential buildings is already underway, the developer plans to launch the remaining projects by the end of 2025. Size of the projects is not disclosed by the company, as well as the names of local partners.