OREANDA-NEWS. May 11, 2011. Veles Capital IC reported the last year operating results. According to the company’s financial report, prepared according to Russian Accounting Standards (RAS), Veles Capital’s net profit increased by 25% and exceeded 202 mln RUB (6,6 mln USD).

The company’s authorized capital was risen by 21% and formed 1,15 bln RUB (37,9 mln USD). Undistributed profit increased by 41% to 698 mln RUB (23 mln USD). Equity capital improved by 28% to 1,8 bln RUB (59,2 mln USD). Company’s assets exceeded 3 bln RUB (98,7 mln USD).

Total turnover of securities came to 5,6 trln RUB (183,1 bln USD), that is 32% higher than in 2009. According to RBC.rating and National Rating Agency, Veles Capital is rated amongst TOP-5 of Russian largest investment companies by total turnover of securities.

Veles Capital’s turnover in stock market exceeded in three times the results of 2009 and formed 2,8 trln RUB (92,7 bln USD). The company is rated number five amongst largest stock market operators (RBC.Rating).

Promissory notes market turnover formed 1,3 trln RUB (43,9 bln USD) and Veles Capital keeps the leadership in the market with 55% of total promissory notes turnover in Russia (RBC.Rating).

Bond market turnover exceeded the pre-crisis indicators and formed 1,3 trln RUB (43,9 bln USD), with triple grow against 2009 results. The company is rated amongst TOP-5 of largest investment companies by bond market turnover (RBC.Rating).

The amount of depositors in Veles Capital’s depositary increased by 6%.

“These results are a direct consequence of the company's strategy aimed at extension of all our activities in the market with a conservation of customer services at top-level” – commented the 2010 results Alexey Gnedovsky, Veles Capital CEO.

Veles Capital IC has been operating in Russian fund market since 1995. The company renders full range of services for corporate and private investors in securities market including corporate finances, financial consulting, wealth management, depositary services, analytical support. Veles Capital brand also unites Veles Management Asset Management company, Veles Capital Development company, Veles Lex law consulting firm, Veles Personnel HR-consulting company, Veles Leasing and subsidiary companies in Ukraine and Cyprus.