Stock market news

Rostelecom

Operator Rostelecom is not going to sell its tower company, but in the future it may use it to make large deals, said the head of the company, Mikhail Oseevsky. We see no point in selling, because the economics of the tower business is good in itself and it is profitable to have it on our balance sheet, Oseevsky explained.

Softline

Softline's IFRS net profit for 6 months of 2023 amounted to ₽9.469 billion, compared to a loss of ₽0.138 billion in the previous year. Turnover fell 1.4% to ₽30.507 billion against ₽30.942 billion a year earlier.

Noventiq

Softline's IFRS net profit for 6 months of 2023 was ₽9.469 billion, compared to a loss of ₽0.138 billion in the previous year. Turnover fell 1.4% to ₽30.507 billion against ₽30.942 billion a year earlier.

Phosagro

PhosAgro's RAS net profit for 6 months of 2023 amounted to ₽64 billion, down 44.6% from ₽115.52 billion in the previous year. Revenue declined 37.6% to ₽71.62 billion against ₽114.8 billion a year earlier.

Rostelecom

Rostelecom is negotiating with Russian banks to purchase 49.99% of Veb Ventures in the joint venture Atlas LLC, which was created for the construction of a new generation fiber-optic backbone communication line TEA NEXT. Line capacity will allow to transmit through Russia 30-35% of the global traffic Europe-Asia. Investment in the project was estimated at ₽4...

UralSib Bank

Bank Uralsib's RAS net profit for 6 months of 2023 amounted to ₽13.491 billion, net interest income - ₽16.473 billion. Figures for the same period last year are not disclosed by the bank.

United Aircraft Corporation

UAC will establish a joint venture with Glory Air, a company engaged in localization of advanced technological solutions in the field of drones. Joint venture will produce civil and special purpose aircraft-type drones with vertical takeoff and landing capability, weighing from 20 to 200 kg. Parties have already defined the format of work and are conducting...

Sberbank

Samokat's turnover in the first half of the year increased by 90.3% to ₽68.5 billion, according to INFOLine-Analytics data. At the end of Q2 2023, the company became the leader in the Russian e-grocery market in terms of turnover. Number of orders delivered exceeded 92 million, the average number of orders per day increased by 57.7% year-on-year. Now Samokat...

Softline

Following the spin-off of the Russian business, a portion of Noventiq stock options were converted into Softline stock options as part of a long-term employee incentive program. Currently, employees have already received 19.5 million Softline shares. A total by August 20, 2023, participants in the program are scheduled to be credited with 30 million shares.

Noventiq

Following the spin-off of the Russian business, a portion of Noventiq stock options were converted into Softline stock options as part of a long-term employee incentive program. Currently, employees have already received 19.5 million Softline shares. A total by August 20, 2023, participants in the program are scheduled to be credited with 30 million shares.