MICEX-RTS posts 5.651 bln rubles in RAS net profit in 2011
MOSCOW. April 2 (Interfax) - OJSC MICEX-RTS posted 5.651 billion rubles in net profit according to Russian accounting standards (RAS) for 2011, the exchange said in its financial results.
OJSC RTS was merged with CJSC MICEX on December 19, 2011. OJSC RTS' RAS net profit came to 111 million rubles for 2010. CJSC MICEX's net profit came to 2.233 billion rubles.
Revenue from interests in other organizations (4.407 billion rubles) and other revenues (13.873 billion rubles) made a significant contribution to MICEX-RTS' net profit for 2011.
The merged exchange's assets for 2011 came to 53.357 billion rubles.
The merged exchange plans to hold an IPO by mid-2013.
A source earlier told Interfax that MICEX-RTS might hold an IPO worth $1 billion. The exchange's capitalization by the time of placement will come to $6 billion.
The exchange's board of directors confirmed JP Morgan, Credit Suisse, Sberbank and VTB as the global coordinators of the IPO. Renaissance Capital, Deutsche Bank, UBS, Goldman Sachs and Morgan Stanley are the bookrunners.