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Moscow Exchange cashes in on overseas push

Profit rises sharply in the second quarter as the Russian bourse reaps the benefits of its efforts to expand

The Moscow Exchange has seen net profit grow 57% in the second quarter, its first full quarter since going public, as the Russian bourse reaps the benefits of its international expansion plan.

The Moscow Exchange today reported net profit of 3.3 billion rubles ($99.5 million) for the three months to June 30, up from 2.1 billion rubles in the same period last year, as trading value on the exchange climbed 31% to 120.8 trillion rubles.

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