KUALA LUMPUR: Bursa Malaysia Bhd's net profit rose 11.39 per cent to RM252.38 million in the financial year ended Dec 31, 2023 (FY23), due to an increases in its operating revenue.
It posted a net profit of RM226.57 million in FY22.
According to Bursa Malaysia, the higher annual profit was owing to a 1.3 per cent increase in operating revenue to RM592.8 million on higher non-trading revenue.
Non-trading revenue consists of listing and issuer, depository, market data and member service and connectivity, and conference fees and exhibition-related income services.
Bursa Malaysia has declared a final dividend of 14 sen per share for the fourth quarter of the financial year ended Dec 31, 2023, bringing its total dividend payout to 29 sen per share, for the year.
The exchange's revenue was up to RM616.49 million from RM603.25 million in the year before.
Operating expenses for the year was up a marginal 0.6 per cent to RM294.5 million, from RM292.7 million in FY22.
In the fourth quarter (4Q) of the financial year ended Dec 31, 2023, the stock exchange operator registered an almost 22 per cent increase in net profit of RM59.55 million on higher trading and non-trading revenue.
Bursa Malaysia's basic earnings per share in 4Q FY23 rose to 7.4 sen from 6.1 sen in the year-ago quarter.
Revenue, meanwhile, was RM156.68 million, up from RM145.7 million in Q4 FY22.
Bursa Malaysia chairman Tan Sri Abdul Wahid Omar said in terms of capital market performance, the FBMKLCI emerged as Asean's second-best performer, with a 5.7 per cent increase in the second half of 2023, and closed the year at 1,454.7 points, a healthy rebound from the 1,376.7 points recorded in the first half of 2023.
Meanwhile, Bursa Malaysia chief executive officer Datuk Muhamad Umar Swift said the bourse's average daily traded value (ADV) remained above the pre-pandemic level at RM2.1 billion despite dropping 0.5 per cent from the year before.
He also said that RM3.6 billion was raised through initial public offerings (IPO) in 2023 as compared with RM3.5 billion in FY22, which brought the IPO capitalisation to RM13.6bil, beating the previous year's total of RM11.2 billion.
"These developments highlight the market's capability to adapt and thrive, solidifying the exchange's role as a viable platform for fundraising and investing needs," he added.Ends