Stock market news

KAMAZ

Electric car manufacturer Atom and the Moskvich plant have signed a memorandum for the provision of services for the production of electric cars at the plant's premises. According to the document, Atom will utilize contract assembly services that include conveyor welding, painting and assembly of electric cars, as well as other related services. "Our team is...

VK

Created by VK, the association of video game developers APRIORI has prepared a strategy for the development of the game industry until 2030. It provides for mandatory pre-installation of VK app stores on all devices, as well as the use of the NAU Engine game engine, in the creation of which the holding will invest ₽1 billion, as a condition for receiving st...

MOEX Group (Moscow Exchange)

Moscow Exchange's IFRS net profit for 6 months of 2023 amounted to ₽26.445 billion, up 61.4% from ₽16.385 billion in the previous year. Commission income rose 17% to ₽21.893 billion against ₽18.704 billion a year earlier. Interest income rose 1.5% to ₽22.648 billion against ₽22.322 billion in the previous year.

Magnitogorsk Iron and Steel Works

MMK expects a record volume of product shipments to the Russian market in 2023, said Ilya Nechaev, Investor Relations Manager. In the first half of the year, the company shipped an average of 800 thousand tons to the Russian market, and in the CIS, sales were expanded to a corridor of 120-150 thousand tons. In the Turkish market, the company expects modest r...

MOEX Group (Moscow Exchange)

Government and the Bank of Russia have prepared a draft decree on unblocking a part of foreign assets, which are currently accumulated in C-type accounts, to be exchanged for Russian assets, said Finance Minister Anton Siluanov. At the first stage it is planned to unblock ₽100 billion of assets of retail investors. To date, the assets of more than 3.5 millio...

Magnitogorsk Iron and Steel Works

MMK postponed construction project of blast furnace No. 11 for a longer term due to the fact that the supplier of the main equipment was a company from the European Union. At the moment, the company is searching for a supplier of solutions from other countries and is already actively negotiating with one of the potential partners. Initially, the construction...

Svetofor Group

Svetofor Driving School's RAS net profit for 6 months of 2023 amounted to ₽32.732 million, up 2.8 times from ₽11.316 million in the previous year. Revenue increased 76.8% to ₽281.55 million against ₽159.27 million a year earlier.

Mobile TeleSystems

MTS's IFRS net profit for 6 months of 2023 amounted to ₽29.966 billion, up 98% from ₽15.135 billion in the previous year. Revenue rose 10.2% to ₽286.33 billion against ₽259.74 billion a year earlier.

KAMAZ

Kamaz became the main investor in the startup JSC National Carrier, created in July with the participation of Ilya Sattarov, former CEO of Globaltruck Group. Kamaz plans to publicly present the startup and provide details at Comtrans-2023. Representative of National Carrier told Interfax earlier that the company plans to engage in FTL transportation using it...

LUKOIL

Lukoil has asked the Russian authorities to allow it to buy back up to 25% of its shares from foreign investors at a discount of at least 50%, said the sources of Interfax. Lukoil's authorized capital consists of 692,865,762 shares. Thus, the company can buy back up to 173 million shares. Market price of such a stake is almost ₽1.1 trillion. However, Lukoil'...