Stock market news

SPB Exchange

Investors are likely to be able to sell foreign securities on SPB Exchange until January 31, 2024. Analysis of the sanctions imposed on the platform is still being conducted by financial market participants and the Bank of Russia, but the regulator expects a positive outcome, said head of the Consumer Protection and Financial Services Availability Service of...

Magnit

Retailer Magnit has closed a deal to purchase the KazanExpress marketplace and is starting to integrate this platform to launch its own marketplace, Magnit Market, on its basis. Acquisition of KazanExpress will allow Magnit to quickly enter a new for the company fast-growing segment of marketplaces and take a significant share there, spending less time and o...

VK

VK's revenue for 9 months of 2023 increased by 37% to ₽90.3 billion. Average daily audience of VK services increased by 16% to 76 million users. Time spent increased by 8% to 3.4 billion minutes per day.

Whoosh

Whoosh users in 10 months of 2023 made 99 million trips, an 89% increase relative to the same period in 2022. Whoosh's audience increased by 69% to 20 million users. Number of trips per active user increased by 42% to 14.5. Number of presence locations increased by 33% to 53 cities. Fleet of the service grew by 81.7% and amounted to 148.6 thousand SIMs.

UGC

Yuzhuralzoloto Group announced its intention to hold an IPO on the Moscow Exchange. Company plans to offer investors up to 5% of shares by the end of November. Funds raised during the IPO will be received by the company and will be used for general corporate purposes and debt reduction.

Rostelecom

Rostelecom's IFRS net profit for 9 months of 2023 amounted to ₽40.452 billion, up 29.1% from ₽31.345 billion in the previous year. Revenue rose 14.4% to ₽498.46 billion against ₽435.56 billion a year earlier.

Sony Group

Sony's IFRS net profit for 6 months of fiscal 2023 was JP¥201.16 billion, down 29.5% from JP¥285.39 billion in the previous year. Revenue increased 7.7% to JP¥2.829 trillion from JP¥2.626 trillion a year earlier.

Softline

Softline's turnover for 9 months of 2023 amounted to ₽52.588 billion, up 15.7% from ₽45.42 billion a year earlier. Turnover from proprietary solutions increased 2.4 times to ₽11.732 billion, with turnover of proprietary solutions in the Software & Cloud direction up 62% to ₽1.102 billion, IT services up 2.5 times to ₽8.323 billion, and hardware up 2.6 times...

Take-Two Interactive Software

Take-Two Interactive Software's GAAP loss for 6 months of fiscal 2024 was $749.6 million, doubling from $361 million in the prior year. Revenue increased 3.5% to $2.584 billion from $2.496 billion a year earlier.

Virgin Galactic Holdings

Virgin Galactic's GAAP loss for 9 months of 2023 was $398.35 million, up 14% from $349.33 million in the prior year. Revenue increased 2.8 times to $3,991 million from $1,443 million a year earlier.