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Mr Elmer Funke Kupper, ASX Managing Director and CEO, said “ASX’s financial results for the first six monthsof FY16 were positive, with activity growth across all major areas. The result wassupported by a continuationof the higher activity levels we saw in the second half of the previous financial year. Revenues were up 7.9%to $376.2 million and profit after tax was up 7.3% to $213.1 million.
“During the six-month period, ASX restructured its activities into four key business groups and recruitedleading industry skills to ensure that each of the businesses has the right focus and leadership. ASX openedan office and established a technology hub in Hong Kong to connect our growing Asian customer base toAustralia’s financial markets community. ASX now has points of presence in the USA, Europe and Asia.
“In January 2016, ASX announced that it will develop solutions for the Australian equity market usingdistributed ledger technology or blockchain. We believe that distributed ledger technology has the potentialto change the way our market operates end-to-end, reduce risk and costs for our clients, speed-up thesettlement process for investors, and support new services for listed companies. It provides a uniqueopportunity for Australia to be a world leader in the adoption of innovative market solutions.”
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| ASX Ltd Half-Year Analyst Presentation |
