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MICEX Group posts higher Q1 net profit

      RBC, 16.05.2008, Moscow 16:54:38.The net profit of MICEX Group amounted to RUB 1.033bn (approx. USD 43.3m) in the first quarter of 2008, having increased 12.7 percent compared to the same period a year earlier, the group's press office reported today. Unaudited consolidated financial statement was prepared in accordance with Russian Accounting Standards. Meanwhile, the net profit of MICEX Stock Exchange shrank 6.8 percent to RUB 583m (approx. USD 24.4m), and the National Clearing Center's net profit stood at RUB 77m (approx. USD 3.23m) compared to net loss of RUB 1m (approx. USD 0.04m) in the first quarter of 2007.

      The total trade volume amounted to RUB 26.8 trillion (approx. USD 1.12 trillion) in January-March 2008, which si 1.6 times greater than in Q1 2007. The average daily trade volume of the group's trading floors stood at USD 19.4bn.

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