Shares in Tinkoff rose 4.36 percent after the release of the report
Shares in TCS Group – parent company of Tinkoff Bank – skyrocketed after the release of the quarterly report. During trading on the Moscow Exchange on Wednesday, November 24, global depositary receipts (GDRs) rose at a peak to 7355.8 rubles per share (plus 4.36 percent compared to the close of the evening trading session on November 23). At 12:00, the securities dropped to 7139.8 rubles.
According to the report, TCS's net profit in the third quarter of 2021 increased over the last year from 12.6 to 16.5 billion rubles (plus 31 percent). The group's revenue increased from 48.3 to 71.7 billion rubles (plus 48 percent).