Bursa earnings to rise

CGS-CIMB Research says Bursa Malaysia’s net profit is projected to expand 5.5% year-on-year in FY23.

PETALING JAYA: Bursa Malaysia is expected to register an earnings turnaround in the financial year ending Dec 31, 2023 (FY23), following a lacklustre performance in FY22.

This is in part due to the absence of the one-off prosperity tax, or Cukai Makmur, that the government had imposed on companies with a chargeable income of more than RM100mil for the 2022 assessment year.