Bursa Malaysia registers 3% profit for first half of 2016

Bursa Malaysia Berhad has registered a 3% increase in Profit After Tax and Minority Interest (PATAMI) of RM99.4 million, for the first half ended June 30, 2016 compared to the same period last year on the back of higher operating revenue. Bursa Malaysia continued to record a Return on Equity (ROE) performance of 25%, despite global and domestic market challenges.

Datuk Seri Tajuddin Atan, Bursa Malaysia

Datuk Seri Tajuddin Atan, Bursa Malaysia

Datuk Seri Tajuddin Atan, Chief Executive Officer of Bursa Malaysia said:

Despite challenging market conditions our PATAMI for 1H2016 is the best first half results since 2008. While trading revenue in the Securities Market decreased marginally due to lower trading activities, the Derivatives Market trading revenue increased, as did the Islamic Capital Market’s Bursa Suq Al-Sila (“BSAS”) trading revenue following the adoption of the Murabaha concept and higher usage of Tenor Based Pricing.”

For the period under review, the average daily trading value (ADV) for the Securities Market’s On-Market Trades (OMT) fell by 4.2% to RM1.91 billion. The Average Daily Contracts (ADC) for the Derivatives Market grew by 8.1% to reach 59,790 contracts, driven by growth in the volume of FCPO and FKLI Contracts. On the Islamic Capital Market front, BSAS recorded growth of 33.5% in ADV to reach RM17.0 billion.

Bursa Malaysia’s second quarter of 2016 PATAMI remained stable at RM49.5 million compared to the corresponding quarter ended  June 30, 2015. The ADV for Securities Market’s OMT moderated to RM1.84 billion in 2Q2016, while ADC traded for the Derivatives Market increased by 21.7% to reach 61,611 contracts in 2Q2016. For the Islamic Capital Market, the ADV of BSAS stood at RM15.4 billion, up by 13.6% from 2Q2015.

Key Financial & Market Highlights

(first half of 2016 vs first half of 2015)

  • PATAMI at RM99.4 million, up 3.0%
  • Annualised ROE at 25%
  • Earnings per share at 18.6 sen
  • Operating revenue at RM248.4 million, up by 3.3%
  • Operating expenses at RM123.6 million, up 5.0%
  • Cost-to-income ratio at 47%, improved by 1 percentage points
  • Average daily trading value for Securities Market’s on-market trades at RM1.91 billion, down by 4.2%
  • Market capitalisation at 30 June 2016 at RM1.66 billion, up 0.1%
  • Velocity at 28.0%, down 1 percentage point
  • Average daily contracts traded for Derivatives Market at 59,790 contracts, up by 8.1%
  • Average daily trading value for BSAS at RM17.0 billion, up 33.5%

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