Stock market news

Sistema

Sistema JSFC sees the relevance of IPO for non-public portfolio companies of the group in 2024, said the largest shareholder of the corporation Vladimir Evtushenkov. "There will be nothing in 2023 - this is absolutely certain, but in 2024 we will definitely do something," he said in response to a related question. Specific portfolio company-applicant for IPO...

Sollers

Sollers plans to produce and sell about 2 thousand ST6 pickup trucks by the end of 2023. Within two to three years, the automaker expects to reach the production volume of 10 thousand pickup trucks. Vehicle will be localized due to engines and gearboxes that will be produced in the European part of the country, which will give a more attractive price positio...

VTB Bank

VTB's capital requirement is estimated at ₽1 trillion over the next 5 years, taking into account growing regulatory requirements and planned business growth, said Andrey Kostin, the bank's head. VTB is now in compliance with all regulatory norms. However, from 2024, the Basel allowances will be gradually restored. At the same time, Kostin pointed out that th...

EN+ Group

En+ Group, in partnership with China's China Energy, expects to start construction of a 1 GW export wind farm in the Far East next year. Company expects project financing from Chinese banks to account for up to 70% of the construction costs. So far, new generation projects for export to China have not been realized due to the low price at which China is will...

Gazprom

Gazprom Holding launched two process lines at the Amur Gas Processing Plant and started helium shipments. Early next year, it is planned to launch two more lines, and by 2025, all six lines will be put into operation and the plant will reach its design capacity of 38 billion cubic meters of marketable gas per year.

Sberbank

Sberbank's RAS net profit for 8 months of 2023 amounted to ₽999.1 billion. Net interest income increased by 40.1% to ₽1.468 trillion. Commission income increased by 19.9% to ₽449.9 billion.

MD Medical Group Investments

MD Medical's IFRS net profit for 6 months of 2023 amounted to ₽3.368 billion, up 3 times from ₽1.106 billion in the previous year. Revenue increased 5.7% to ₽12.853 billion vs. ₽12.159 billion a year earlier.

Rusagro

Rusagro intends to expand the Digital Farmer project and announced a search for financial organizations for a partnership project in the field of financing agricultural producers. More than 3,000 agricultural producers are in need of borrowed funds for business development and working capital replenishment, the company notes. Digital Farmer service was laun...

Alrosa

Alrosa mined the largest gem-quality diamond in the last 10 years at the Mayat diamond mine in the Anabar district of Yakutia. Weight of the diamond is 390.7 carats. Diamond found is a light crystal of non-standard shape, bordered by a yellow-brown halo - a unique combination of mass, shape and color to date. Previously, the largest gem-quality diamond weigh...

AbbVie

The AbbVie Board of Directors announced a quarterly dividend of $1.48 per share. The last day to buy securities to receive the dividend is October 11, 2023. The annual dividend yield may reach 5.04%.