OREANDA-NEWS. Veles Capital's profit for the 2013 year increased by 19% and formed 10,5 mln USD according to consolidated financial statements. The statements include the results of Veles Capital IC and its foreign representative offices operating on the stock market. The statements were audited by International Consulting and Legal Center.

The company's capital increased by 6% and formed 88,4 mln USD. Growth of the capital was due to increasing of retained earnings by 22% that reached 57,9 mln USD compared to 47,5 mln USD in 2012. During the long time Veles Capital has been demonstrating positive dynamics of capital and retained earnings. For the last 5 years company's capital increased by 65% and retained earnings increased 3 times.

Assets of the company formed 170,2 mln USD. The volume of cash equivalents increased by 47% and exceeded 69,0 mln USD at the end of 2013 year.

Veles Capital IC is one of the oldest Russian investment companies operating on the Russian capital market and renders financial services for corporate and private clients on stock market as well as in the sphere of private equity and real estate investment. Veles Capital is one of the only few Russian investment companies rated by international rating agency S&P (В+/B/RuA credit rating, outlook stable; upgraded in December 2013). The company has also highest reliability rating ААA by National Rating Agency (upgraded in March 2014).