Moscow Exchange’s net profit for the year increased by 67.5% – Kommersant

Net profit of the Moscow Exchange (MOEX: MOEX) according to International Financial Reporting Standards (IFRS) for 2023 increased by 67.5%, to 60.8 billion rubles. against 36.3 billion rubles. a year earlier. Such results are given in the financial statements of the site. At the opening of the new session, the Moscow Exchange index rose by 1.53%, to 3,190.50 points, and the site’s shares grew by 4.8%.

In the fourth quarter, net profit increased year-on-year by 79.1%, to RUB 20.045 billion. This figure, in particular, is higher than the Interfax consensus forecast of RUB 17.1 billion. Fee income increased to RUB 52.2 billion. against the backdrop of high customer activity and the launch of new products and services. The share of commission income in the structure of the exchange’s operating income was 50%. Financial services revenue grew 141.7%. EBITDA increased by 65.6% to RUB 82.231 billion.

At the end of the year, operating expenses increased by 20.2% due to additional accruals of reserves for the payment of bonuses and a long-term incentive program. In the fourth quarter, operating expenses rose 63.9% due to higher personnel and marketing expenses. In the most recent quarter, personnel costs increased by 70.8%, with headcount increasing by 10.6%. In addition, advertising and marketing expenses for the fourth year increased almost sevenfold, and agent fees almost tripled.

How the site decided to create an alternative to Western services – in the material “Mosex Exchange connects the terminal”.

Anastasia Larina