Economy of Russia

PJSC Magnit notifies on the transactions by persons discharging managerial responsibilities and persons closely associated with them (PDMR/PCA)

Wednesday, November 25, 2020 - 2:04pm

Dissemination of a Regulatory Announcement, transmitted by EQS Group.

Key Points: 
  • Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • The issuer is solely responsible for the content of this announcement.
  • Krasnodar, Russia (25 November, 2020): Magnit PJSC (MOEX and LSE: MGNT; the Company, the Group), one of Russia's leading retailers, announces the change of stake in the charter capital of PJSC Magnit owned by Jan Gezinus Dunning, CEO, President, Chairman of the Management Board and member of the Board of Directors of PJSC Magnit.
  • On November 25, 2020 the Company was notified on the following changes:

PJSC Magnit notifies on the transactions by persons discharging managerial responsibilities and persons clearly associated with them (PDMR/PCA)

Tuesday, November 24, 2020 - 2:05pm

Dissemination of a Regulatory Announcement, transmitted by EQS Group.

Key Points: 
  • Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • The issuer is solely responsible for the content of this announcement.
  • Krasnodar, Russia (24 November, 2020): Magnit PJSC (MOEX and LSE: MGNT; the Company, the Group), one of Russia's leading retailers, announces the change of stake in the charter capital of PJSC Magnit owned by Jan Gezinus Dunning, CEO, President, Chairman of the Management Board and member of the Board of Directors of PJSC Magnit.
  • On November 24, 2020 the Company was notified on the following changes:

Worldwide Oil and Gas Nuclear Magnetic Resonance Industry to 2025 - Onshore Sector to Dominate the Demand - ResearchAndMarkets.com

Wednesday, November 18, 2020 - 11:05am

The wells are expected to be drilled during the next seven years, hence increasing the demand for logging services market during the forecast period.

Key Points: 
  • The wells are expected to be drilled during the next seven years, hence increasing the demand for logging services market during the forecast period.
  • In Russia, Gazprom Neft continues to conduct studies on its Bazhenov acreage and is targeting 40,000 b/d of production from shale by 2023.
  • With increasing rig count in the Asia Pacific to 228 in 2019, drilling of new can be expected.
  • Onshore oil production in the United States accounts for around 84% of the country's oil production and 3% of the country's natural gas production as of 2018.

PJSC 'Novorossiysk Commercial Sea Port':  Consolidated cargo turnover of NCSP Group for January-September 2020 against the same period the year before

Wednesday, November 18, 2020 - 7:01am

Normalized [1] cargo turnover of NCSP Group (LSE: NCSP, MOEX: NMTP) totaled84.4 million tons (-21.3%).

Key Points: 
  • Normalized [1] cargo turnover of NCSP Group (LSE: NCSP, MOEX: NMTP) totaled84.4 million tons (-21.3%).
  • NCSP Group is traded on Moscow Exchange (NMTP) and London Stock Exchange as global depositary receipts (NCSP).
  • NCSP Group is comprised of PJSC Novorossiysk Commercial Sea Port, Primorsk Trade Port LLC, JSC Novorossiysk Ship Repair Yard, JSC NCSP Fleet, JSC NLE, IPP LLC, Baltic Stevedore Company LLC, and JSC SFP.
  • PJSC NCSP and PJSC Transneft own NCS LLC on a parity basis.

EQS-News: PJSC Mechel : Mechel Announces Third Quarter 2020 Financial Results Release Date

Tuesday, November 17, 2020 - 3:11pm

Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, heat and electric power.

Key Points: 
  • Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, heat and electric power.
  • Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Mechel, as defined in the safe harbor provisions of the U.S.
  • We wish to caution you that these statements are only predictions and that actual events or results may differ materially.
  • We refer you to the documents Mechel files from time to time with the U.S. Securities and Exchange Commission, including our Form 20-F.

PJSC LSR Group announces the dividend payment for the 1H2020

Tuesday, November 17, 2020 - 3:11pm

PJSC LSR Group is a real estate development and building materials company founded in 1993 and operating in a number of complementary market segments.

Key Points: 
  • PJSC LSR Group is a real estate development and building materials company founded in 1993 and operating in a number of complementary market segments.
  • Its core business areas are production of building materials and real estate development and construction.
  • LSR Group's main operations are located in St. Petersburg and Leningrad Region, Moscow and Moscow region and Yekaterinburg.
  • In accordance with its audited IFRS consolidated financial statements for 2019, LSR Group reported revenue of RUB110.4 billion, Adjusted EBITDA of RUB21.0 billion and Net Profit of RUB7.5 billion.

PJSC RusHydro: Results of the Board of Directors meeting on November 10, 2020

Wednesday, November 11, 2020 - 4:06pm

Results of the Board of Directors meeting on November 10, 2020

Key Points: 
  • Results of the Board of Directors meeting on November 10, 2020
    November 11, Moscow, Russia.
  • PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting in absentia on November 10, 2020.
  • He has been the Chairman of the Board of Directors of PJSC RusHydro since 2015.
  • The Board of Directors elected Nikolay Rogalev, Chancellor of Moscow Power Engineering Institute, Federal Research University as Deputy Chairman of the Board of Directors of RusHydro.

VTB Group announces IFRS results for 3Q 2020

Monday, November 9, 2020 - 8:02am

Net interest margin was 3.8% for 9M and 3Q 2020, up from 3.3% in 9M and 3Q 2019.

Key Points: 
  • Net interest margin was 3.8% for 9M and 3Q 2020, up from 3.3% in 9M and 3Q 2019.
  • During 3Q 2020, VTB Capital remained #1 in investment banking services in Russia.
  • VTB Capital Investments' assets under management increased by 49.4%, or RUB 949 billion, in 9M 2020 to RUB 2.9 trillion (the increase in assets in 3Q 2020 amounted to RUB 308 billion).
  • A number of initiatives were implemented in 3Q 2020 to drive customer base growth and expand customer reach in the market.

ROSTELECOM PJSC: Rostelecom acquires national media operator Synterra Media

Thursday, October 22, 2020 - 3:21pm

The consolidation of Synterra Media will facilitate the development of new business solutions and technological resources to media companies.

Key Points: 
  • The consolidation of Synterra Media will facilitate the development of new business solutions and technological resources to media companies.
  • Synterra will join Rostelecom as a subsidiary company, while retaining key staff and competencies.
  • Synterra Media is one of the key players in the ground delivery and distribution of media content, specialising in the following areas:
    the provision of media centre services; and
    the provision of dedicated communication channels and other services.
  • Anna Shumeiko, Senior Vice-President, the Chief of Staff of the President of Rostelecom commented: "Synterra Media is a quality company with financial stability and a stable business model.

PhosAgro Domestic Sales Rise 10% Year-on-Year to 2.93 mln Tonnes in 9M 2020

Tuesday, October 20, 2020 - 4:05pm

Moscow - PhosAgro subsidiary PhosAgro-Region, which is Russia's largest mineral fertilizer distribution network*, has increased fertilizer sales to Russian farmers in 9M 2020 to 2.93 million tonnes, growth of 9.7% year-on-year.

Key Points: 
  • Moscow - PhosAgro subsidiary PhosAgro-Region, which is Russia's largest mineral fertilizer distribution network*, has increased fertilizer sales to Russian farmers in 9M 2020 to 2.93 million tonnes, growth of 9.7% year-on-year.
  • Sales of PhosAgro's own production increased by 6.4% year-on-year to 2.44 million tonnes.
  • Complex phosphate-based fertilizers containing sulphur made the largest contribution to PhosAgro's growing domestic sales.
  • PhosAgro CEO Andrey Guryev said: "Domestic sales accounted for more than 30% of PhosAgro's total sales in 9M 2020.