Wednesday, October 19, 2011

Bursa 3Q net profit jumps 39.4% to RM38.61m on higher revenue

KUALA LUMPUR: BURSA MALAYSIA BHD [] net profit for the third quarter ended Sept 30, 2011 rose 39.37% to RM38.61 million from RM27.71 million a year earlier, driven mainly by higher revenue,

It said on Wednesday, Oct 19 that revenue for the quarter increased by 23.68% to RM107.31 million from RM86.76 million in 2010.

Earnings per share was 7.30 sen compared to 5.20 sen in 2010, while net assets per share was RM1.56.

For the nine months ended Sept 30, Bursa's net profit rose to RM114.82 million from RM83.26 million in 2010, on the back of a 25% increase in revenue to RM324.47 million from RM259.14 million a year earlier.

On its prospects, Bursa said the Malaysian equity market had been adversely affected in the third quarter by the negative impact from the developments in the Eurozone and the United States.

Bursa said that going forward, market volatility was likely to persist, and there could be further downside risk to the market, with external events continuing to influence sentiment on the local bourse.

'Despite the global uncertainties, Bursa remains committed in its efforts to make the Malaysian equity and derivatives markets more attractive and vibrant.

'To this end, the group will continue to focus on infrastructure efficiency, new product proliferation, market education and opportunities for strategic alliances,' it said.

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