The following unaudited results are relative to the prior corresponding period (pcp – nine months to 31 March 2015) and based on the Group’s segment reporting:
|
Statutory profit after tax Underlying profit after tax |
$317.4 million $317.4 million |
up 6.2% up 5.9% |
|
| Operating revenues
• Growth in all major business lines: Listings and Issuer Services, Trading Services, Equity Post-Trade Services, and Derivatives and OTC Markets Operating expenses • Acceleration of investment in post-trade services • FY16 guidance expense growth updated to approximately 6% |
$552.8 million
$127.5 million |
up 7.0%
up 6.1% |
|
| Capital expenditure
• FY16 capital expenditure guidance remains approximately $50 million • New futures trading platform go-live target of July-November 2016 |
$30.6 million | ||
| Strategic positioning
• Greater certainty on market structure for cash equities clearing • Assessment of distributed ledger technology (blockchain) as a potential post-trade solution for the cash equities market underway • CEO renewal: senior executives managing the business with Chairman oversight • No change in corporate strategy or initiatives, with measures taken to de-risk transition to new trading platform |
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| Key market activity indicators
• Listings: total capital raised - $62.9 billion, up 25.4% • Cash equities: ASX on-market average value traded per day - $4.1 billion, up 12.7% • Derivatives: daily average number of futures and options contracts traded – 512,024, up 6.3% |
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ASX’s financial performance for the nine months to 31 March 2016 was positive. Trading activity levels in cash and derivatives markets grew from the half-year, as did ASX’s OTC clearing service with record activity levels in February 2016. Listings and capital raising activity was lower in the third quarter of FY16 compared to the first six months of the year. Overall, revenues were up 7% to almost $553 million and profit was up 6% to more than $317 million.
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