Bursa post 4th quarter profit
Filed Under (Bursa News) by Webmaster on 05-02-2010
Tagged Under : Bursa Malaysia, Datuk Yusli
Bursa Malaysia Bhd’s net profit soared 613% to RM96.3mil in the fourth quarter ended Dec 31, 2009, against RM13.5mil a year earlier, mainly due to a RM76mil gain from the sale of a 25% stake in Bursa Malaysia Derivatives to CME Group Strategic Investment LLC.
Total revenue for the period jumped to RM157.4mil against RM71.1mil in the previous corresponding period.
Datuk Yusli Mohamed Yusoff … “This year, more companies are expected to to be listed as compared to last year.’
Revenue from equities trading increased 30% to RM33.7mil while sales from derivatives trading declined 20% to RM8.2mil.
Earnings per share were 18.2 sen for the quarter against 2.6 sen a year earlier.
It proposed a 9 sen dividend per share compared with 7.8 sen in the previous corresponding period.
Bursa Malaysia Bhd chief executive officer Datuk Yusli Mohamed Yusoff said Bursa was cautiously optimistic about good sentiments coming back to the market.
“So far, the recovery in global markets has seen an increase in trading activities and we hope to see this continue,” he said, adding that Bursa’s revenue was expected to be higher this year than last year.
However, capital expenditure (capex) this year would be increased to RM60mil.
“This year, more companies are expected to be listed as compared to last year with 20 companies having received approval but not yet in the market and a dozen that include Chinese companies are still being reviewed by the Securities Commission.
“This year too, our capex will be increased to upgrade clearing system and also for system related matter as we are going to spend on CME Globex, the world’s most widely distributed electronic trading platform,” he said.
Yusli said the launch of CME crude palm oil (CPO) futures contract trading was expected to be in the first half this year while the launch of trading on CME Globex was expected to be in the second half.
Bursa also expected to maintain the market capitalisation of all the companies listed on the board at RM1 trillion this year, he added.
