Source Pravda.Ru

MICEX's net profit was $7.24 million in 2001

The net profit of the Moscow Interbank Currency Exchange (MICEX) was RUR226 million (around $7.24 million) in 2001, according to the exchange's annual report that was approved at the annual general shareholders' meeting of MICEX on April 25, 2002. According to the exchange's press service, the exchange's shareholders made a decision to transfer the net profit to the stock exchange development fund. PricewaterhouseCoopers Audit was chosen as the exchange's auditor for the period until the next MICEX annual shareholders' meeting. The shareholders approved amendments and additions to the MICEX Charter to be made to make the document conform with the new version of the federal law 'On Joint-Stock Companies' that came into effect on January 1, 2002. The MICEX general shareholders' meting elected new members to the Exchange Council, and Deputy Chairman of the Russian Central Bank Oleg Mozhaiskov was appointed as the Chairman of the Council. The exchange's total turnover was RUR3.09 trillion (around $106 billion), while the total number of stock market participants, including the dealers of state securities market and the participants of the unified trading session, grew by over 10 per cent and totaled 1,482 companies in 2001. The total turnover of the share and corporate bonds market was RUR760 billion (around $24.4 billion). The growth rate of market turnover was 50 per cent in 2001.

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