Stock market news

Renaissance Insurance bought back 8% of shares from the market
Renaissance Insurance has accumulated 8% of shares for the future management incentive program. Securities were acquired through a series of small purchases on the open market, said the group's CEO Yu…

M.Video will present an updated strategy at the end of the year
M.Video-Eldorado Group expects to present an updated strategy by the end of 2024, the group's financial director Alla Garmanova said. Strategy has already been developed, and its priority areas are al…

QIWI will not conduct a share buyback
QIWI shareholders did not approve the share buyback. Company planned to buy up to 10% of American depositary shares from Nasdaq and Moscow Exchange after the completion of the sale of Russian assets. …

Abrau-Durso launched Russia's first production of Danza del Fuego rum
Abrau-Durso launched Russia's first production of original Cuban rum Danza del Fuego at the Loza plant in the Krasnodar region. Company imports ready-made rum distillates to Russia and dilutes them wi…

Element Group will produce radio modules for base stations
Element, a joint venture of Rostec and Sistema JSFC, intends to establish in Tomsk the development and production of radio modules for communication base stations. Tomsk State University may become a …

RESK reported for 2023 by RAS accounting standards
Ryazan Energy Sales Company's RAS net profit for 2023 amounted to ₽1.008 billion, up 20.7% from ₽0.835 billion in the previous year. Revenue increased 7.2% to ₽13.977 billion against ₽13.035 billion a…

M.video reported for 2023 by RAS
M.Video's RAS net profit for 2023 amounted to ₽131.86 million, up 45.6% from ₽90.59 million in the previous year. Revenue declined 0.4% to ₽226.42 million from ₽227.42 million a year earlier.

Yakutskenergo reported for 2023 by RAS
Yakutskenergo's RAS loss for 2023 amounted to ₽0.775 billion, down 27.8% from ₽1.073 billion in the previous year. Revenue increased 34.3% to ₽37.33 billion against ₽27.79 billion a year earlier.

Renaissance Insurance management proposed dividends based on 2023 results
Renaissance Insurance's management has recommended that the board of directors consider a dividend payout of ₽2.3 per ordinary share for 2023. Dividend yield could be as high as 2.2%.

Renaissance Insurance reported for 2023 by IFRS
Renaissance Insurance's IFRS net profit for 2023 was ₽10.33 billion, up 3 times from ₽3.59 billion in 2021. Net earned premiums increased 20.8% to ₽116.97 billion vs. ₽96.8 billion.
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