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Sunday, May 19, 2013
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Moscow Exchange announces H1 net profit of over RUB1.5 billion under Russian Accounting Standards

03/08/2012 05:22 (289 Day 06:08 minutes ago)

The FINANCIAL -- The net profit of Open Joint Stock Company “Moscow Exchange MICEX -RTS” for the first six months of 2012 under the Russian Accounting Standards amounted to RUB1.526 billion.

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The figure shows a decrease in the net profit of the company compared to the same period last year, caused by a reduction of the amount of dividends paid by the company"s subsidiaries.

In the same period last year National Settlement Depository, the MOSCOW Exchange"s subsidiary, paid in dividends accumulated earnings for more than 10 years to the parent company.  This year NSD paid dividends only for 2011.

As MICEX -RTS reported, the financial statements for the first half of 2011 included data of CJSC MICEX , but not of OJSC RTS.

The present financial statements of MOSCOW Exchange were prepared under the Russian Accounting Standards, taking into account intra-group transactions that are not included in consolidated financial statements of the Group under the IFRS. Net financial result of MOSCOW Exchange Group"s activities will be presented in the consolidated financial statements of the Group under the IFRS expected in September.

 

 

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