KUALA LUMPUR: Bursa Malaysia Bhd's net profit increased by 2.6 per cent to RM172.2 million for the nine-month financial period ended 30 September 2018, in comparison to last year’s RM167.8 million.
The growth is primarily due to higher operating revenue of RM402.3 million which also saw an increase of 2.6 per cent from the previous corresponding period.
Cost-to income ratio remained stable at 44 per cent while annualised return on equity (ROE) was up by one per centage point.
“Despite major volatility and declines in emerging market equities against the backdrop of a challenging global environment in 2018, Bursa Malaysia’s sustainable growth initiatives implemented over the years continue to show progress, raising our standards and strengthening our performance to achieve our highest ever nine-month 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,” said chief executive officer Datuk Seri Tajuddin Atan in a statement.
“These results are a testament to our ongoing commitment to deliver more opportunities supporting a vibrant and conducive capital market ecosystem for all market participants.”
For the nine-month financial period under review, Securities Market registered trading
revenue of RM207.7 million compared to RM195 million in the previous corresponding
period, marking a revenue growth of 6.5 per cent driven by higher ADV for OMT in 9M18, which
grew by 10.5 per cent year-over-year.
Non-trading revenue increased by one per cent to RM126.2 million from RM124.9 million in the previous corresponding period, spurred by higher market data revenue as a result of an increase in the number of subscribers.
The Islamic Capital Market, Bursa Suq Al-Sila’ (BSAS), registered trading revenue of RM10.8 million in 9M2018, representing a decline of 7.4 per cent compared to nine month of 2017.
For the third quarter ended 30 September 2018 (3Q2018), operating revenue increased
marginally by 0.4 per cent to RM123.2 million but was offset by a 2.8 per cent increase in operating expenses to RM60.7 million, resulting in a 2.7 per cent decline in PATAMI to RM50.2 million compared to the previous corresponding quarter ended 30 September 2017.
Tajuddin voiced his confidence for the rest of the year.
“We are confident the government’s emphasis on fiscal and governance reforms as outlined in the 11th Malaysia Plan mid-term review bodes well in the long term for strengthening investor confidence.
"On Bursa Malaysia’s part, we will continue our efforts to digitalise services, liberalise the rules framework and broaden the investor base to enhance the breadth and depth of the ecosystem – all part of the Exchange’s strategy towards becoming a leading, responsible and globally connected ASEAN Marketplace,” he said.