Stock market news

X5 Retail Group

X5 Group's net retail revenue for 6 months of 2024 amounted to ₽1.833 trillion, up 26.1% from ₽1.454 trillion in the previous year. Average check rose 11.6% to ₽535.3. LFL sales increased 14.9%, traffic increased 2.9%, and average check increased 11.6%. Digital business revenue grew 77.5% to ₽93.426 billion.

VTB Bank

Holders of fractional VTB shares formed after the reverse split can sell them in the broker's VTB My Investments application and over the phone through traders. Subsequently, the securities will be consolidated to whole shares and sold into the market. Bank expects that this procedure will be implemented by other brokers as well.

Magnitogorsk Iron and Steel Works

MMK's coke battery No. 12, the most powerful in Russia, started coke production. This is the company's largest investment project over the last ten years with investments totaling almost ₽90 billion. SINOSTEEL from China acted as the general contractor and equipment supplier. Production capacity of the new facility is 2.5 million tons of dry coke per year, w...

M.Video

M.Video-Eldorado chain opened 38 stores in 36 Russian cities in the first half of the year, including 14 new locations. It plans to open at least 100 new compact format stores by the end of the year. In 2023, 62 such stores were opened.

NOVATEK

Novatek's hydrocarbon production for 6 months of 2024 amounted to 330.7 mln boe, up 2.7% from 321.9 mln boe a year earlier. Natural gas production volume increased by 1.2% to 41.73 billion cubic meters. Liquid hydrocarbons production increased 11.9% to 6.83 million tons. Total natural gas sales, including LNG, amounted to 39.3 bcm, down 3.3%.

Seligdar

Gold production by Seligdar Holding in the first half of 2024 amounted to 2,894 tons, up 7% from 2,692 tons a year earlier. Gold sales volume increased by 18% to 2,738 tons. Tin production fell 14% to 1,223 tons. Copper production increased 65% to 949 tons. Revenue from gold sales increased 51% to ₽17.3 billion. Gold realized price increased 31%.

South Urals Nickel Plant

South Urals Nickel Plant's RAS loss for 6 months of 2024 amounted to ₽64.82 million, up 52.9% from ₽42.39 million in the previous year. Revenue doubled to ₽157.02 million from ₽79.48 million a year earlier.

Rusagro

Government has decided to add the Rosagro group to the list of economically significant organizations. EZO status allows for the forced "redomiciliation" of the company to Russia.

MMC Norilsk Nickel

At the Nadezhda Metallurgical Plant of Nornickel completed one of the most difficult types of work - refractory lining of the basement and wall. By the end of this week, installation of another three kilometers of copper pipeline and cable lines will be completed. After that, the plant will begin preparations for equipment commissioning. The new furnace is s...

Far-Eastern Shipping Company

Export shipments of agricultural cargo in Fesco Group containers in the first half of 2024 increased by 75% to 7,000 TEU. In the reporting period, the company organized shipments of various types of grain crops, sunflower and rapeseed oils, peas, and beet pulp from Russian agricultural producers to countries in East and Southeast Asia, as well as the Indian...