Moscow Exchange reports 61% profit surge in Q2 ’24

The Moscow Exchange reported a significant increase in its net profit under IFRS for Q2 2024, rising by 61 per cent year-on-year to 19.5 billion roubles ($212.22 million).

Adjusted net profit also saw a substantial increase of 63.3 per cent, reaching 19.6 billion roubles ($213.31 million).

Commission income grew by 30 per cent to 15.54 billion roubles ($169.11 million), while net interest income surged by 137 per cent to 21.23 billion roubles ($231.03 million). The platform’s operating income rose by 76.1 per cent, totalling 36.8 billion roubles ($400.48 million).

However, operating expenses increased by 111 per cent compared to the same period last year, driven primarily by higher personnel and marketing costs.

Despite the rise in expenses, the overall financial performance of the Moscow Exchange in Q2 2024 was robust.