OREANDA-NEWS. September 17, 2008. The National Depository Center (NDC), Russia's only settlement depository servicing the full range of Russian securities, announced today that according to International Financial Reporting Standards (IFRS) its net profit for the first six months of 2008 increased by 18.1% in comparison with the same period of 2007. Net profit was RUR266.473 million for 1H 2008.

Total operating income rose 19.1% to RUR674.387 million (compared with RUR566.378 million for 1H 2007). The company’s total equity rose 20.4% to RUR1.575 billion (RUR1.309 billion as of 31 Dec., 2007).

NDC also note that the value of securities on deposit as of June 30, 2008 rose 3.8% against the comparable period of 2007, reaching RUR4.4 trillion (RUR4.2 trillion as of June 30, 2007). The number of inventory operations conducted for 1H 2008 rose 7.6% to 1,267,116. Securities turnover (the market value of securities transferred in inventory operations) increased 24% compared with 1H 2007 reaching RUR28.722 trillion (compared with RUR23.155 trillion a year earlier). Joint stock company shares in NDC's total securities turnover was 44.6%.