RTS posts 1Q 2011 net income of 267 million roubles

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.