Bursa posts lower 4Q net profit, Div 10.4c
Published on 30 Jan 2020. | Source: thestar.com.my
KUALA LUMPUR: BURSA MALAYSIA BHD’s net profit for its fourth quarter ended Dec 31, 2019 (4Q FY19) dropped to RM45.56mil from RM51.86mil a year ago, due to lower segment profits recorded during the quarter.
In a filing on Thursday, the stock exchange operator said revenue in 4Q FY19 was flat at RM129.33mil from RM128.92mil a year earlier.
“Total comprehensive income for the fourth quarter of 2019 was RM27.1mil, a decrease of 67.1% compared to RM82.3mil in the fourth quarter of 2018. This was mainly due to the lower fair value of quoted shares (outside Malaysia) in the fourth quarter of 2019 compared with the fourth quarter of 2018, ” the company said.
Earnings per share were 5.6 sen compared with 6.4 sen. It announced a dividend of 10.4 sen compared with 11.6 sen a year ago.
For its financial year ended Dec 31, 2019, Bursa Malaysia’s net profit fell to RM185.86mil from RM224.04mil in the previous corresponding period, while revenue dipped to RM502.49mil from RM550mil a year earlier.
On its outlook for the year, Bursa Malaysia said 2020 has started on a better note with broader strength in some commodity prices, de-escalation of US-China trade tensions and stronger ringgit to dollar performance.
“The securities market’s performance in 2020 is expected to be resilient, supported by the implementation of the government’s expansionary measures as announced in the Budget 2020 and the recent signing of phase one of the trade agreement between the United States and China.”
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