OREANDA-NEWS. May 16, 2008. The National Depository Center (NDC), Russia’s only settlement depository servicing the full range of Russian securities, announced today that its revenues for the first quarter of 2008 according to Russian Accounting Standards (RAS) reached RUR295.6 million. This is 25% more than for 1Q 2007 (RUR236.3 million). The company’s net profit reached RUR129 million or 30% more than for 1Q 2007 (RUR99.3 million).

NDC’s total equity according to RAS rose 9.6% for 1Q 2008 to RUR1.485 billion. The company’s net assets, excluding fixed assets’ depreciation, reached RUR1.449 billion. Value of internal funds calculated on the basis of Russia’s Federal Financial Markets Service’s method reached RUR1.38 billion.

It is noteworthy that the value of securities on deposit as of March 31, 2008 rose 13% against the comparable period of 2007 and reached RUR4.2 trillion (RUR3.72 trillion as of March 31, 2007). The number of inventory operations conducted for 1Q 2008 rose 1.6% to 608,655. NDC's securities turnover (the market value of securities transferred in inventory operations) increased 34% compared with 1Q 2007 reaching RUR14.435 trillion (compared with RUR10.8 trillion a year earlier).