Bursa Malaysia nine-month earnings jump 25% year-on-year to RM241m

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Bursa Malaysia nine-month earnings jump 25% year-on-year to RM241m
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PETALING JAYA: Bursa Malaysia Bhd has reported profit after tax, zakat and minority interest (patami) of RM241.2 million for the nine-month financial ...

Bursa Malaysia Bhd has reported profit after tax, zakat and minority interest of RM241.2 million for the nine-month financial period ended Sept 30, 2024 , a 25.1% increase from RM192.8 million reported in 9M’23.

The exchange market saw 52.9% increase in trading revenue, reaching RM300.3 million in 9M’24 compared to RM196.4 million in 9M’23. The growth was attributed to higher average daily trading value for the securities market’s on-market trades and direct business transactions, which increased by 69.6% to RM3.6 billion in 9M’24 from RM2.1 billion in 9M’23.

Operating revenue in the Islamic Market rose 1.2% to RM13 million in 9M’24, driven by the new Bursa Gold Dinar product, while Bursa Suq Al-Sila’ trading revenue dipped to RM12.3 million from RM12.9 million. The data business segment reported improved performance, with RM59.4 million of revenue in 9’24, 16.3% higher than the RM51.1 million in 9M’23, predominantly driven by a growing subscriber base.

He emphasised Bursa Malaysia’s commitment to expanding fundraising and trading options by relaunching Single Stock Futures and adding renewable energy certificates to the Bursa Carbon Exchange.

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