The Moscow Stock Exchange reported a 29% increase in net profit in 2022. With a drop in commission income, an increase in operating expenses and a decrease in investor interest in the stock market, the site managed earn 36.3 billion rubles.
The Moscow Stock Exchange has published its 2022 results under the International Financial Reporting Standards. The indicator that attracts the most interest among investors, annual net profit, increased by 29.2% year-on-year to 36.3 billion rubles.
Commission income from the Moscow Stock Exchange fell almost 10% to RUB 37.5 billion. The site explained that this was due to a drop in the prices of ruble assets and a decrease in the volume of trading by non-residents of the Russian Federation.
Moscow Stock Exchange EBITDA (earnings before interest, taxes, accumulated depreciation and amortization) increased by 28.4% to RUB 49.7 billion. Operating expenses increased by 16.2%.
The trading volume on the Moscow Stock Exchange in 2022 increased by 4.6% to a record RUB 1.1 qdrl.
The interest of private investors in the stock market began to decline, the Bank of Russia noted. In its review, the regulator said that over the past year, average brokerage account volume has halved and the proportion of empty brokerage accounts has risen to 66%.
Author:
Kirill Bilyk
Source: RB
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