RTS Announced Its Financial Statements for 2010
OREANDA-NEWS. April 29, 2011. In 2010 the net profit of OJSC RTS reached RUB1,005 million, 12% down compared to 2009. This decrease results from the implementation of a range of large-scale one-time projects which required substantial operating expenditure. These projects included establishing a common head office for all companies in the RTS Group, reinforcing regional and foreign expansion of the Exchange, activities aimed at further dynamic development of the Exchange, reported the press-centre of RTS.
The results of OJSC RTS activity presented in statements prepared in accordance with International Financial Reporting Standards show the income of the RTS Group amounted to RUB3,255 million in 2010, including RUB1,565 million of operating income, up 35.6% year on year. Growth of operating income in absolute terms reached RUB410.8 million. Trading activity in the stock and derivatives market contributed most to this gain. Income from trades on the spot market almost doubled during the reporting period to reach RUB762 million. These figures demonstrate the dynamic development of the RTS markets and an increase in market share in key areas.
Consolidated financial statements of the RTS Group include financial results of Open Joint Stock Company "Russian Trading System" Stock Exchange and its subsidiary companies as well as the share of the RTS Group in associated entities. The financial statements under IFRS of RTS Stock Exchange for 2010 were audited by ZAO KMPG.
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