OREANDA-NEWS. August 24, 2011. Veles Capital IC reported the last year consolidated financial statement, based on IFRS: net profit exceeded 9 mln USD (5,4 mln USD in 2009).

The company’s retained earnings was risen by 9 mln USD during the financial period and formed near 29 mln USD. Equity capital improved by more than 30% to 64,5 mln USD (49 mln USD to the end of 2009 year). Registered capital came to 37,7 mln USD (31,4 mln USD to December, 31, 2009 year).

During the sample period the part of fluid assets, including monetary funds (more than 64 mln USD to the end of 2010), increased.

Such growth lets company cover the financial and investment requirements and manage liquidity successfully. The share of company`s assets, financed by net worth, increased too and came to 52%.

The consolidated financial statement covered Veles Capital IC and affiliated companies. The company demonstrates permanent performance of financial results, that justify its effectiveness, mentioned Alexey Gnedovsky, Veles Capital CEO.

Veles Capital IC has been operating in Russian fund market since 1995 and is rated number five amongst largest stock market operators (RBC.Rating, National rating agency) with 5,6 trln RUB (183,1 bln USD) total turnover of securities in 2010. Veles Capital IC keeps the leadership in the promissory notes market in Russia and is rated amongst Top-3 local bond market operators and Top-5 stock market operators.

The company renders full range of services for corporate and private investors in securities market including corporate finances, financial consulting, wealth management, depositary services, analytical support.