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Bursa Malaysia CEO Datuk Muhamad Umar Swift said, “I am pleased with our strong first half financial results. Our Annualised ROE and EPS of 39% and 18.7 sen respectively has allowed the Board to declare an interim dividend of 17.0 sen, the highest since listing in 2005.”

KUALA LUMPUR: Bursa Malaysia Bhd, whose share price surged to a record high of RM10.98 at on Tuesday, reported net profit of RM86.22mil in the second quarter ended June 30,2020.

The stock exchange operator announced net profit jumped 86% from RM46.34mil a year ago.

Its revenue increased by 45% to RM179.77mil from RM123.96mil. Earnings per share were 10.7 sen compared with 5.7 sen a year ago.

The board of directors approved an interim dividend of 17 sen per share for the financial year ending Dec 31,2020, or a dividend payout ratio of 91.1%, payable on Aug 26.

Bursa said the Securities Market recorded a segment profit of RM123.2mil in 2Q, an increase of 65.1% compared to RM74.6mil a year ago, mainly due to higher trading revenue.

Its operating revenue for 2Q was RM145.2mi, an increase of 54.9% compared to RM93.8mil a year ago.

Trading revenue increased by 87.4% to RM110.1mil in 2Q mainly due to higher Average Daily trading Value (ADV) for on-market trades (OMT) and Direct Business Trades (DBT), which increased by 74.2% to RM3.85bil in 2Q2020 compared to RM2.21bil a year ago.

Trading velocity in 2Q2020 was higher by 33 percentage points to 62% compared to 29% a year ago.

Listing and issuer services revenue decreased by 12.3% to RM11.6mil in 2Q2020.

This was mainly due to lower annual listing fees resulting from the recognition of the 50% rebate on annual listing fees for year 2020 to aid targeted listed issuers due to Movement Control Order (MCO).

Market data revenue increased by 31.4 per cent to RM9.5 million in 2Q2020 driven by higher number of subscribers in 2Q2020

For the first half, its net profit rose by 62% to RM150.96mil compared with RM93.19mil in the previous corresponding period. Its revenue was up by 31.9% to RM330.53mil from RM250.48mil.

The increase in net profit was due to higher operating revenue, which increased by 33.6% to RM320.7mil from RM240mil.

Total operating expenses increased by 3.7% to RM127.1mil from RM122.6mil a year ago, mainly due to higher staff and technology costs.

This is Bursa Malaysia’s highest first-half financial performance since its listing in 2005.

Bursa Malaysia CEO Datuk Muhamad Umar Swift said, “I am pleased with our strong first half financial results. Our Annualised ROE and EPS of 39% and 18.7 sen respectively has allowed the Board to declare an interim dividend of 17.0 sen, the highest since listing in 2005.”

The elevated market volatility has resulted in higher trading activities in both the Securities and Derivatives Markets. However, listing and issuer services revenue saw a slight decline, resulting from the recognition of the 50% waiver on annual listing fees for the year 2020 to assist listed issuers overcome the challenges of the COVID-19 pandemic.

Market data revenue continues to grow, increasing by 18.9% to RM22.6 million from RM19.0 million in 1H2019, driven by the expansion of market data subscriber base in 1H2020.

For 1H2020, the Securities Market registered a trading revenue of RM188.2 million compared to RM117.8 million in 1H2019, increasing by 59.7% as a result of higher Average Daily Trading Value (ADV) for Securities Market’s on-market trades.

The broader market is supported by local investors, with higher retail participation during the period.


https://www.thestar.com.my/business/business-news/2020/07/28/bursa-malaysia-2q-net-profit-surges-to-rm8622m-shares-at-record-high
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