Stock market news

TMK sold its scrap procurement division
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…

Moscow Exchange aims to increase net profit to ₽65 billion by 2028
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 …

VTB reported 8 months of 2023 by IFRS
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.

Moscow Exchange will allocate to dividends at least 50% of profit
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, th…

Lukoil may retain the right to handle Russian oil in Bulgaria for one year
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 eco…

Vgudok named the sale price of UWC
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 inc…

Sistema sold the venture fund Sistema SmartTech
Sistema has withdrawn from the capital of Sistema SmartTech venture fund, which was established in 2020 to finance early-stage startups.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. Rema…

Positive Technologies SPO participants acquired 205 thousand additional shares
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 …

Worthington reported for 3 months of fiscal year 2024
Worthington Industries' GAAP net income for 3 months of fiscal 2024 was $99.703 million, up 52.8% from $65.244 million in the prior year. Revenue declined 15.3% to $1.193 billion compared to $1.409 bi…

Micron reported for fiscal year 2023
Micron Technology's GAAP loss for fiscal year 2023 was $5.833 billion, against a profit of $8.687 billion in the previous year. Revenue fell by half to $15.54 bln vs. $30.76 bln a year earlier.
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