The Australian Stock Exchange (ASX), the country’s primary security exchange has today published its full-year results for its 2018 financial year that ended on June 30th, 2018. The exchange reported strong grow The Australian Stock Exchange (ASX), the country’s primary security exchange has today published its full-year results for its 2018 financial year that ended on June 30th, 2018. The exchange reported strong growth in each of its four-segment mainly due to new listings and increased derivatives and OTC trading.
The exchange reported an increased revenue of $598.6 million (AU$822.7 million), a growth of 7.7 per cent or $42.6 million (AU$58.6 million) year-on-year. The Net Profit after tax for the exchange is reported at $323.9 million (AU$445.1 million), an increase of 2.5 per cent or $8 million when compared with the 2017 financial year. The underlying profit after tax also reported a growth of 7.2 per cent to $338.5 million (AU$465.3 million).
For the 12 months ended June 30th, 2018, operating expenses jumped 8 per cent year-on-year to hit $142.2 million (AU$195.5 million) which is largely contributed due to rise in the Australian Securities and Investments Commission (ASIC) levy and electricity charges. According to exchange statement, the operation increase was mostly attributed to an increase in listing during the period, rise in futures trading and among other factors. In the 12 months period, a total of $81.7 billion of capital has been raised by companies through IPOs, an increase of 46 per cent year-on-year.
For fiscal 2018, ASX announced a total dividend of 157.4 cents (AUD 216.3 cents) per share, an increase of 7.2 per cent year-on-year with an effective 3.2 per cent yield at a 90 per cent payout ratio.
Commenting on the results, Dominic Stevens, ASX Managing Director and CEO, said:
“This is a very pleasing financial result reflecting ASX’s disciplined balance between investing in the operation and integrity of our core businesses – our Stronger Foundations initiative – and pursuing growth initiatives.”
“Underlying profit rose 7.2% on last year to $465.3 million, an increase of $31.2 million. Each of ASX’s four main businesses grew, with the overall performance driven by higher capital raisings and increased futures trading, particularly from offshore customers. The Australian Stock Exchange (ASX), the country’s primary security exchange has today published its full-year results for its 2018 financial year that ended on June 30th, 2018. The exchange reported strong growth in each of its four-segment mainly due to new listings and increased derivatives and OTC trading.
The exchange reported an increased revenue of $598.6 million (AU$822.7 million), a growth of 7.7 per cent or $42.6 million (AU$58.6 million) year-on-year. The Net Profit after tax for the exchange is reported at $323.9 million (AU$445.1 million), an increase of 2.5 per cent or $8 million when compared with the 2017 financial year. The underlying profit after tax also reported a growth of 7.2 per cent to $338.5 million (AU$465.3 million).
For the 12 months ended June 30th, 2018, operating expenses jumped 8 per cent year-on-year to hit $142.2 million (AU$195.5 million) which is largely contributed due to rise in the Australian Securities and Investments Commission (ASIC) levy and electricity charges. According to exchange statement, the operation increase was mostly attributed to an increase in listing during the period, rise in futures trading and among other factors. In the 12 months period, a total of $81.7 billion of capital has been raised by companies through IPOs, an increase of 46 per cent year-on-year.
For fiscal 2018, ASX announced a total dividend of 157.4 cents (AUD 216.3 cents) per share, an increase of 7.2 per cent year-on-year with an effective 3.2 per cent yield at a 90 per cent payout ratio.
Commenting on the results, Dominic Stevens, ASX Managing Director and CEO, said:
“This is a very pleasing financial result reflecting ASX’s disciplined balance between investing in the operation and integrity of our core businesses – our Stronger Foundations initiative – and pursuing growth initiatives.”
“Underlying profit rose 7.2% on last year to $465.3 million, an increase of $31.2 million. Each of ASX’s four main businesses grew, with the overall performance driven by higher capital raisings and increased futures trading, particularly from offshore customers. Cash market trading was down slightly amid low levels of market volatility. But revenue from technical and information services grew due to increasing connections and data feeds.”
The exchange also provided an update on the Clearing House Electronic Subregister System (CHESS) replacement project with the new ASX CHESS DLT or Blockchain-based system which is expected to go live in late 2020 or early 2021.
g was down slightly amid low levels of market volatility. But revenue from technical and information services grew due to increasing connections and data feeds.”
The exchange also provided an update on the Clearing House Electronic Subregister System (CHESS) replacement project with the new ASX CHESS DLT or Blockchain-based system which is expected to go live in late 2020 or early 2021.
th in each of its four-segment mainly due to new listings and increased derivatives and OTC trading.
The exchange reported an increased revenue of $598.6 million (AU$822.7 million), a growth of 7.7 per cent or $42.6 million (AU$58.6 million) year-on-year. The Net Profit after tax for the exchange is reported at $323.9 million (AU$445.1 million), an increase of 2.5 per cent or $8 million when compared with the 2017 financial year. The underlying profit after tax also reported a growth of 7.2 per cent to $338.5 million (AU$465.3 million).
For the 12 months ended June 30th, 2018, operating expenses jumped 8 per cent year-on-year to hit $142.2 million (AU$195.5 million) which is largely contributed due to rise in the Australian Securities and Investments Commission (ASIC) levy and electricity charges. According to exchange statement, the operation increase was mostly attributed to an increase in listing during the period, rise in futures trading and among other factors. In the 12 months period, a total of $81.7 billion of capital has been raised by companies through IPOs, an increase of 46 per cent year-on-year.
For fiscal 2018, ASX announced a total dividend of 157.4 cents (AUD 216.3 cents) per share, an increase of 7.2 per cent year-on-year with an effective 3.2 per cent yield at a 90 per cent payout ratio.
Commenting on the results, Dominic Stevens, ASX Managing Director and CEO, said:
“This is a very pleasing financial result reflecting ASX’s disciplined balance between investing in the operation and integrity of our core businesses – our Stronger Foundations initiative – and pursuing growth initiatives.”
“Underlying profit rose 7.2% on last year to $465.3 million, an increase of $31.2 million. Each of ASX’s four main businesses grew, with the overall performance driven by higher capital raisings and increased futures trading, particularly from offshore customers. Cash market trading was down slightly amid low levels of market volatility. But revenue from technical and information services grew due to increasing connections and data feeds.”
The exchange also provided an update on the Clearing House Electronic Subregister System (CHESS) replacement project with the new ASX CHESS DLT or Blockchain-based system which is expected to go live in late 2020 or early 2021.
Australian Stock Exchange (ASX) Reports Stronger FY 2018 Earnings Led by Uptick in Listing and Trading Activity
