RTS posts 1Q 2011 net income of 267 million roubles

Published time: 23 May, 2011 13:42 Edited time: 23 May, 2011 18:19

RTS, Russia’s second largest stock exchange, has posted 1Q 2011 net income of 267 million rouble under IFRS.

The bottom line was up 79% year on year from 149 million roubles, withcomission income also increasing 40% to 435.6 million roubles from 310.6 million roubles posted in 1Q 2010.

The RTS said this reflected the growing spot and equity markets, which were up 75% and 13% to reach 242 million roubles and 70 million roubles respectively.

RTS is expected to merge with the MICEX at the end of May 2011.