Nine-month net rises to RM172.2m
KUALA LUMPUR: Bursa Malaysia Bhd’s net profit increased 2.6 per cent to RM172.2 million for the nine-month financial period ended September 30, compared to RM167.8 million previously.
The growth was mainly due to higher operating revenue of RM402.3 million, an increase of 2.6 per cent from previously.
Cost-to income ratio remained stable at 44 per cent while annualised return on equity (ROE) was up by one percentage point.
“Despite major volatility and declines in emerging market equities against the backdrop of a challenging global environment this year, Bursa Malaysia’s sustainable growth initiatives implemented over the years continued to show progress,” said chief executive officer Datuk Seri Tajuddin Atan in a statement.
“This raised our standards and strengthened our performance to achieve our highest ever ninemonth operating revenue, and highest recorded nine-month average daily trading value (ADV) for securities market’s on-market trades (OMT) of RM2.6 billion since listing in 2005.”
For the nine-month financial period, the securities market registered trading revenue of RM207.7 million compared with RM195 million in the previous corresponding period, thus marking a revenue growth of 6.5 per cent, driven by higher ADV for OMT in the nine-month period, which grew 10.5 per cent year-on-year.
Non-trading revenue rose by one per cent to RM126.2 million from RM124.9 million in the previous corresponding period, spurred by higher market data revenue.
The Islamic Capital Market, Bursa Suq Al-Sila’, registered trading revenue of RM10.8 million in the nine-month period, representing a 7.4 per cent drop compared with the corresponding period last year.
For the third quarter ended September 30, operating revenue increased 0.4 per cent to RM123.2 million but this was offset by a 2.8 per cent rise in operating expenses to RM60.7 million.