Stock market news

Magnitogorsk Iron and Steel Works

Magnitogorsk Iron and Steel Works' IFRS net profit for 3 months of 2024 amounted to ₽23.75 billion, up 20.6% from ₽19.7 billion in the previous year. Revenue rose 25.5% to ₽192.95 billion versus ₽153.72 billion a year earlier.

Inter RAO

Inter RAO's RAS net profit for 3 months of 2024 amounted to ₽4.361 billion, up 12 times from ₽0.356 billion in the previous year. Revenue rose 20.8% to ₽10.944 billion against ₽9.062 billion a year earlier.

VTB Bank

VTB's IFRS net profit for 3 months of 2024 amounted to ₽122.4 billion, down 16.8% from ₽147.2 billion in the previous year. Net interest income fell 12.5% to ₽153.8 billion from ₽175.8 billion a year earlier. Commission income rose 23.1% to ₽51.7 billion.

Svetofor Group

Svetofor driving school is considering a public offering of preferred shares on the St. Petersburg Currency Exchange. Company can offer investors up to 2,481,500 shares. Price will be set after formation of the order book.

Ozon Holdings

Ozon in Q1 2024 processed 305.3 million orders, up 70% from 179.3 million in the previous year. Number of active buyers increased 32% to 49 million. GMV reached ₽570.18 billion, up 88% from ₽303.05 billion a year earlier. Marketplace share rose 5.7pc to 85.2% of GMV.

Ozon Holdings

Ozon's IFRS loss for 3 months of 2024 amounted to ₽13.166 billion, against a profit of ₽10.656 billion in the previous year. Revenue rose 31.8% to ₽122.93 billion against ₽93.25 billion a year earlier.

Krasnoyarskenergosbyt

Board of Directors of Krasnoyarskenergosbyt recommended to pay dividends for 2023 in the amount of ₽1.3313884236 per ordinary and preferred share. Last day to purchase securities to receive the dividend is June 7, 2024. Dividend yield on common stock could be 6.43% and on preferred stock could be 6.35%.

SFI

SFI's RAS net profit for 3 months of 2024 amounted to ₽15.012 billion, up 4 times from ₽3.742 billion in the previous year. Revenue grew 6 times to ₽13.459 billion vs. ₽2.214 billion a year earlier.

SPB Exchange

SPB Exchange's IFRS net profit for 2023 amounted to ₽0.678 billion, down 3 times from ₽1.926 billion in the previous year. Revenue fell 43.6% to ₽1.45 billion against ₽2.57 billion a year earlier.

Rushydro

RusHydro Holding intends to refuse to build a 49.8 MW small HPP in Dagestan as part of the RES support program. Company also plans to request the Energy Department to forgive fines for breach of contractual obligations. Reason for the refusal was the economic inefficiency of the project revealed during the survey and cost estimation.