Bursa Malaysia’s Q2 net profit almost doubles to RM86.23 mil

Bursa Malaysia says its first half 2020 performance is the best since its listing in 2005.

KUALA LUMPUR: Bursa Malaysia Bhd’s net profit for the second quarter ended June 30 jumped to RM86.23 million from RM46.34 million in the same period last year.

Revenue also rose to RM179.78 million from RM123.96 million previously, the group said in a filing with Bursa Malaysia today.

For the first half ended June 30 (1H2020), the company’s net profit rose 62% year-on-year to RM151 million from RM93.2 million, driven by higher operating revenue, which increased 33.6% to RM320.7 million from RM240 million.

“Total operating expenses in 1H2020 increased 3.7% to RM127.1 million from RM122.6 million in 1H2019, mainly due to higher staff and technology costs. This is Bursa Malaysia’s best first-half financial performance since its listing in 2005,” the company said.

CEO Muhamad Umar Swift said efforts to boost market vibrancy and liquidity were going well.

“We are witnessing strong retail participation and had recorded the highest trading in Bursa Malaysia’s history of 12.5 billion on July 20,” he said.

“The emergence of millennials in the marketplace is also encouraging and has been something we have been working very hard to achieve.

“We will continue to introduce new initiatives and streamlined product offerings, such as expanding the range of trading channels and platforms, to improve the seamless digital journey on Bursa Malaysia for the new generation of investors.”

He said annualised return on equity and earnings per share of 39% and 18.7 sen respectively had allowed the board to declare an interim dividend of 17 sen, the highest since listing in 2005.