KUALA LUMPUR: BURSA MALAYSIA BHD [] earnings rose 29% to RM146.16 million for FY ended Dec 31, 2011 from RM113.04 million in 2010 and expects market volatility is expected to persist in 2012 unless there is more clarity on how the global economy will pan out.
The stock exchange operator said on Thursday its revenue increased 16.3% to RM420.14 million from RM361.05 million.
It proposed a final dividend of 13 sen per share for the year under review, which was a distribution of 95% of its net profit.
For the fourth quarter, its earnings rose 5.2% to RM31.33 million from RM29.78 million. Revenue slipped 6.1% to RM95.67 million from RM101.91 million. Earnings per share were 5.90 sen compared with 5.60 sen.
Commenting on the FY2011 financial performance, its chief executive officer Datuk Tajuddin Atan said Bursa Malaysia delivered a good set of results despite the difficult conditions in 2011, which was a challenging year for markets around the globe.
“But we delivered a good set of results despite the difficult conditions and this demonstrates the tenacity and resilience of our market in times of uncertainty.
“Our securities and derivatives markets recorded improvements in trading volume as a result of increased participation by both foreign and local investors. This helped us achieve a 15% growth in operating revenue to RM381.3 million from RM331.3 million in 2010,” he said.
On the outlook, Tajuddin said for 2012 the Malaysian economy was expected to remain resilient due to its strong fundamentals, robust domestic demand as well as the government’s ongoing economic reform initiatives.
He added the divestment of assets by some government-linked companies would further contribute to the liquidity and vibrancy of the market.
He expected Bursa Malaysia’s derivatives business to benefit from increased risk management activities brought about by the global economic uncertainty.
“On our part, we aim to further liberalise access to the market, while launching new products to give investors greater options for trading. Overall, we expect our 2012 financial performance to at least mirror that of, if not better than, 2011,” Tajuddin said.
The stock exchange operator said on Thursday its revenue increased 16.3% to RM420.14 million from RM361.05 million.
It proposed a final dividend of 13 sen per share for the year under review, which was a distribution of 95% of its net profit.
For the fourth quarter, its earnings rose 5.2% to RM31.33 million from RM29.78 million. Revenue slipped 6.1% to RM95.67 million from RM101.91 million. Earnings per share were 5.90 sen compared with 5.60 sen.
Commenting on the FY2011 financial performance, its chief executive officer Datuk Tajuddin Atan said Bursa Malaysia delivered a good set of results despite the difficult conditions in 2011, which was a challenging year for markets around the globe.
“But we delivered a good set of results despite the difficult conditions and this demonstrates the tenacity and resilience of our market in times of uncertainty.
“Our securities and derivatives markets recorded improvements in trading volume as a result of increased participation by both foreign and local investors. This helped us achieve a 15% growth in operating revenue to RM381.3 million from RM331.3 million in 2010,” he said.
On the outlook, Tajuddin said for 2012 the Malaysian economy was expected to remain resilient due to its strong fundamentals, robust domestic demand as well as the government’s ongoing economic reform initiatives.
He added the divestment of assets by some government-linked companies would further contribute to the liquidity and vibrancy of the market.
He expected Bursa Malaysia’s derivatives business to benefit from increased risk management activities brought about by the global economic uncertainty.
“On our part, we aim to further liberalise access to the market, while launching new products to give investors greater options for trading. Overall, we expect our 2012 financial performance to at least mirror that of, if not better than, 2011,” Tajuddin said.
