Stock market news

NOVATEK

Novatek plans by the end of 2023 to maintain the volume of gas production at the level of 2022 - approximately 82 billion cubic meters or slightly more. Production of liquid hydrocarbons will increase by 2-2.5% due to gas condensate.

NOVATEK

Novatek in 2023 intends to increase net profit and revenue by 25% to the level of 2021, said Leonid Mikhelson, the head of Novatek. As a result, the volume of dividend payments will also increase, which will amount to 50% of profits. Comparison with 2021 is more correct because 2022 was an anomalous year for the industry - gas companies made record profits t...

SPB Exchange

SPX Exchange's settlement depository, SPB Bank, has started using only friendly countries' international accounting institutions to hold and settle all securities listed on the Hong Kong Exchange, including shares and ETFs, from September 12, 2023. All new Hong Kong securities proposed to be admitted to trading on SPX Exchange will also be accounted for with...

INARCTICA (Russian Aquaculture)

Shareholders of INARCTICA approved dividends for 6 months 2023 in the amount of ₽16 per ordinary share. The last day of purchase of securities to receive dividends is September 21, 2023. Dividend yield may amount to 1.6%.

Seligdar

Seligdar and the Far East and Arctic Development Corporation signed agreements on the construction of a metallurgical plant in Khabarovsk Krai, as well as investment projects for the development of the Pyrkakayskiye Stockworks deposit in Chukotka Autonomous Okrug and the Oktyabrskoye, Perevalnoye and Solnechnoye deposits in Khabarovsk Krai. Total company inv...

Magnit

Retailer Magnit has started producing cheese in one of the Magnit Extra superstores in Tula. At the initial stage, the cheese factory will produce 12 positions of soft varieties: mozzarella, cacciotta, ricotta, buratta, strachatella. Production volume will be up to 1 ton per month. Retailer will buy milk for cheeses from farmers in the Tula region. Launch of...

Astra

Developer of the Astra Linux operating system Astra Group plans to hold an IPO on the Moscow Exchange in the fourth quarter of 2023, during which it wants to sell up to 10% of shares, sources told RBC. Subsequently, the size of the free float may be increased. Company is targeting both institutional and retail investors. A source close to one of the organize...

Oracle

Oracle's GAAP net income for 3 months of fiscal 2024 was $2.42 billion, up 56.3% from $1.548 billion in the prior year. Revenue increased 8.8% to $12.453 billion compared to $11.445 billion a year earlier.

Magnit

Retailer Magnit bought back another 2,300 of its shares at the end of August. Buyer was a subsidiary of Magnit Alliance. Total volume of repurchase as of August 30 reached 16.92 million shares, which is 16.6% of the authorized capital.

Oracle

The Oracle Board of Directors announced a quarterly dividend of $0.4 per share. The last day to buy securities to receive the dividend is October 10, 2023. The annual dividend yield may reach 1.47%.