MOSCOW – National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, reports that on 25 May it held its Annual General Meeting of shareholders (AGM). The company’s shareholders approved 2011 RAS financial statements. The company’s net profit after tax amounted to RUB2.287 billion; this is 122% more than for 2010 (RUB1.032 billion).
NSD’s revenues for 2011 reached RUB4.437 billion, growing 109% against RUB2.122 billion for 2010. The company’s operating expenditures stood at RUB1.442 billion or 98.5% more compared with RUB726.554 million for 2010.
The key factor contributed to NSD’s income and expenses growth in 2011 was the fact that the company’s profit and loss report for 2011 included indicators of the integrated company’s operations for 12 months, and the report for 2010 included only MICEX Settlement House’s indicators and reflected NDC’s indicators for just two months - from 3 November 2010 (the date of NDC and MICEX SH merger) to 31 December 2010.
The AGM resolved to pay dividends on the company’s shares in the amount of RUB1,016.37 per one common registered share (before tax paid on income received in the form of dividend in compliance with the Paragraph 3 Clause 284 of the Tax Code of the Russian Federation). According to the shareholders’ resolution, the dividend is payable 60 days after the day of making the resolution on dividend payment by the AGM. RUB1.2 billion will be allocated for dividend payment.
Eddie Astanin, Chairman of the Executive Board, NSD, stated: “Being a backbone organization of Russian financial market, NSD pays great attention to its absolute financial stability, as well as to its transparent, stable and predictable tariff policy formed by the Supervisory Board and the company’s customers.”