KUALA LUMPUR: Bursa Malaysia Bhd
anticipates to meet most of its headline key performance indicators for the 2023 financial year as it announced its results for the third quarter.
The bourse operator said net profit for the third quarter ended Sept 30, 2023, was RM60.41mil, up from RM50.13mil in the same quarter in the previous year, bringing earnings per share up to 7.5 sen from 6.2 sen previously.
Revenue during the quarter under review was RM158.71mil, up from RM140.36mil.
For the cumulative nine months to Sept 30, 2023, Bursa recorded a net profit of RM192.83mil on revenue of RM459.8mil, which compares to net profit of RM177.57mil and revenue of RM457.54mil in 9MFY22.
According to Bursa, the improved performance was owing to lower operating expenses, which contracted 2.4% to RM209.6mil during the nine-month period from RM214.7mil previously, due to a one-off reversal of provision.
Operating revenue for the period however was marginally lower by 0.8% to RM441.7mil in 9MFY23 as compared to RM445.2mil in 9MFY22, said the exchange operator in a market filing.
Revenue contributed by securities trading was 3.3% lower at RM196.4mil in 9MFY23 due to lower average daily trading value (ADTV) for securities market on-market trades and direct business trades, which stood at RM2.1bil compared to RM2.2bil in 9MFY22.
Additionally, Bursa Malaysia said listing and issuer services decreased 8.3% to RM47mil from RM51.3mil in 9MFY22 due to lower perusal and processing fees, as well as additional listing fees resulting from a decrease in the number of corporate exercises.
For derivatives, trading revenue dropped 8% to RM67.5mil in 9MFY23 from RM73.4mil in the previous comparative period mainly due to lower collateral management fees earned, and fewer Crude Palm Oil Futures (FCPO) contracts traded in 9MFY23.
However, there was a jump in conference fees and exhibition-related income to RM7.3mil from RM1.5mil in the previous year due to a substantial rise in the number of participants at the Palm and Lauric Oils Price Outlook Conference & Exhibition (POC).
The trading revenue of the Islamic market, Bursa Suq Al-Sila, grew 8.8% to RM12.9mil in 9MFY23 from RM11.8mil in 9MFY22, while the data business segment's revenue rose 11.5% to RM51.5mil in 9MFY23 on an increase in subscribers and a revised fee structure.
Bursa Malaysia CEO Datuk Muhamad Umar Swift said the bourse will continue to foster a vibrant and sustainable capital market ecosystem, with a focus on on diversifying fundraising and trading opportunities for stakeholders.
"This entails future broadening of our product and service offerings, such as the commercialisation of a new debt fundraising solution for SMEs and the launch of Bursa Gold Dinar,” he added.
