Moscow Exchange Group Announces Strong Growth Of Revenue And Net Profit In First Six Months Of 2012
Moscow Exchange Group today reported strong growth in revenue and net profit in the first half of 2012.
According to consolidated accounting statements under IFRS, the Group posted net profit of RUB 4.22 billion, up 28% versus MICEX results for the same period in 2011 (RUB 3.29 billion).
Operating expenses totaled RUB 4.22 billion in H1 2012. This represents an increase of 38% over 1H 2011 MICEX operating expenses (RUB 3.06 billion). Revenue totaled RUB 10.28 billion, an increase of 45% versus 1H 2011 (RUB 7.1 billion).
Alexander Afanasiev, Chief Executive Officer of the Moscow Exchange, said:
“Despite relatively weak global financial markets in the first half of 2012 we posted impressive growth in revenue and net income thanks to our diversified business model that ensures strong performance throughout the financial cycle.”
As of June 6, 2012, the Group’s capital was RUB 40.6 billion. This represents an increase from capital of RUB 29.3 billion as of December 31, 2011 as a result of profit earned from the Group’s main business activities and the sale of a block of treasury shares.
The IFRS interim consolidated financial statements of Moscow Exchange Group for the first six months of 2012 include the financial statements of OJSC “Moscow Exchange MICEX-RTS” and fifteen other companies that are part of the Group, including CJSC “National Clearing Centre”, CJSC “MICEX Stock Exchange” and CJSC “National Settlement Depository”.