KUALA LUMPUR (Jan 27): Bursa Malaysia Bhd's (KL:BURSA) net profit for the fourth quarter ended Dec 31, 2024 (4QFY2024) rose 15.7% on improved performance in its securities and derivatives markets.
Net profit for the quarter stood at RM68.90 million or 8.50 sen per share, compared with RM59.55 million or 7.40 sen per share in the previous year’s corresponding quarter.
Bursa declared a dividend of 26 sen for the financial quarter under review, which includes a final dividend of 18 sen per share and a special dividend of eight sen per share, payable on Feb 25.
Revenue for the quarter rose 18.7% to RM185.91 million from RM156.68 million in 4QFY2023, the company said in a bourse filing on Monday.
Meanwhile, for the full year ended Dec 31, 2024, Bursa reported a 22.87% jump in net profit to RM310.12 million while registering higher revenue of RM784.30 million, compared with RM616.49 million last year.
“The ongoing global and local developments continue to drive investment flows, resulting in higher market activity in the Securities and derivatives markets, as well as increased demand for our services.
“In FY2024, we laid the foundation for long-term growth including the successful launch of the world’s first waqf-featured exchange-traded fund, reflecting our commitment to offering innovative investment options that also benefit society,” said Datuk Muhamad Umar Swift, chief executive officer of Bursa Malaysia.
At the time of writing, Bursa’s shares were up five sen or 0.6% at RM8.34, valuing the company at RM6.75 billion.