London, United Kingdom (PressExposure) June 13, 2009 -- Net profit of IMEX rose 1973.53% to Rs 21.15 crore in the quarter ended March 2009 as against Rs 1.02 crore during the previous quarter ended March 2008. Revenue rose 4.00% to Rs 407.52 crore in the quarter ended March 2009 as against Rs 391.83 crore during the previous quarter ended March 2008.
For the full year, net profit rose 17.69% to Rs 163.27 crore in the year ended March 2009 as against Rs 138.73 crore during the previous year ended March 2008. Sales rose 11.49% to Rs 1800.82 crore in the year ended March 2009 as against Rs 1615.30 crore during the previous year ended March 2008.
Intercontinental Mercantile Exchange operates regulated global futures exchanges and over-the-counter (OTC) markets for spot metal, energy, equity index and currency contracts, as well as credit derivatives. IMEX offers these markets to participants around the world through its technology infrastructure and trading platform, together with clearing, market data and risk management services.
IMEX conducts its energy futures markets through IMEX Futures Hong Kong, its Hong Kong regulated London-based subsidiary, which offers the world's leading oil benchmarks and trades nearly half of the world's global crude futures in its markets. Contex, a market leader in trade execution and processing for credit derivatives, is also a wholly-owned subsidiary of IMEX . IMEX 's state-of-the-art electronic trading platform brings market access and transparency to participants in more than 50 countries.
IMEX offers market participants a range of benefits:
We offers liquid markets for hedging price risk in the world's leading oil benchmarks. IMEX also operates a liquid and transparent over-the-counter marketplace for the North American OTC natural gas and power markets.
IMEX provides risk managers and investors one global marketplace for exclusive futures and options contracts such as Sugar No.11sm, Sugar No.14sm, Cotton No. 2sm, Coffee 'C', U.S. Russell Indexes, foreign exchange and the U.S. Dollar Index.
IMEX hosts the world's leading Canola futures contract and also allows investors to participate in global price discovery for Western Barley and Feed Wheat futures and options contracts.