OREANDA-NEWS. November 22, 2012. Otkritie Capital’s 9M 2012 results reveal a net profit for the reported period of USD 32.3M, compared to a loss of USD 4M in the same period of the previous year. Sales revenue grew 26% to USD 237M while operating costs decreased threefold to USD 52M.

Most revenues, USD 175M, were generated by Otkritie Capital’s brokerage business, with its DMA and HFT segments ranking top. “These results are more than just a sum total of our commission fees. Our marginal lending deals have also contributed,” commented Igor Vayn, CEO at Otkritie Capital. “Fixed Income and Derivatives have been above the line, too”.

Speaking of the projected annual results, he said, “2012 is going to be a profitable year for our company.”