Stock market news

Whoosh

Operating company Vush Ltd. will pay ₽1.29 billion in dividends to its parent PJSC Vush Holding. Out of this money, the PJSC will be able to pay dividends to its shareholders in line with its adopted dividend policy of about ₽1.14 billion, or about ₽10 per share. Recommended dividends will be determined by Whoosh's board of directors in October.

VTB Bank

VTB reported a large additional provision charge due to credit losses, which affected the bank's net profit in August. In total, the bank earned ₽25.9 billion in profit for the month, while additional provisions amounted to ₽31.6 billion. Of these, only ₽7 billion were regular provisions created for the growth of the retail loan portfolio. The reason for the...

TMK

TMK has sold its scrap division TMK Meta LLC, according to the data of the Unified State Register of Legal Entities. Asset was acquired by the pipe company as part of the acquisition of ChTPZ Group in 2021. In 2022, TMK Meta LLC had revenue of ₽47.6 billion and net profit of ₽364 million. Alexey Zolotarev's Chermet Service LLC became the new owner of the com...

MOEX Group (Moscow Exchange)

Supervisory Board of Moscow Exchange approved a new development strategy until 2028, which envisages an increase in net profit to ₽65 billion, capitalization to ₽700 billion, and a ratio of operating expenses to commission income in the range of 50-55%. This is expected to be achieved through high fee income growth rates - CAGR of 13% and above and return on...

VTB Bank

VTB's IFRS net profit in August 2023 amounted to ₽25.9 billion, YTD - ₽351.2 billion. Net interest income in August amounted to ₽66.1 billion, for 7 months of 2023 - ₽500.2 billion.

MOEX Group (Moscow Exchange)

Supervisory Board of Moscow Exchange approved the dividend policy, which provides for the payment of dividends in the amount of at least 50% of the group's net profit according to IFRS. Previously, the minimum dividend target was 60%. In determining the amount of dividends, Moscow Exchange will continue to focus on free cash flow, taking into account planned...

LUKOIL

Lukoil Neftochim Burgas refinery in Bulgaria will probably be able to retain the right to process Russian oil until October 2024. Such a solution to the problem was proposed by the deputies of the economic commission of the Bulgarian parliament, who considered an amendment to the bill that restricts the supply of Russian oil for the needs of the enterprise....

United Wagon Company RPC

UWC will be sold to Andrei Bokarev's structures - UMMC or TMH - for about ₽12 billion without taking into account debt restructuring, sources told Vgudok. In the new board of directors of UWC will include CEO of UMMC-Trans Irina Olkhovskaya, and Kirill Lipa from Transmashholding will remain outside the management structures of UWC, which may indicate that th...

Sistema

Sistema has withdrawn from the capital of Sistema SmartTech venture fund, which was established in 2020 to finance early-stage startups. JSC Trans Capital became the new owner of 90% of the fund. Remaining 10% of Sistema SmartTech was retained by Capital Invest LLC, whose beneficiary is Dmitry Sherstobitov. The target amount of the fund is ₽5 billion. When t...

Positive Technologies Group

Investors purchased 13.3 thousand shares of Positive Technologies during the final window of the offer. Total number of securities sold during the year under the offer amounted to 205 thousand shares worth ₽218 million. Main objectives of the SPO of Positive Technologies were to increase the number of long-term investors and improve the liquidity of the shar...