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“We had published the unaudited results in our prospectus dated 23 February and we are pleased to announce that the audited results released today has no significant variance to the unaudited results earlier published,” said Khairussaleh Ramli, Chief Financial Officer of Bursa Malaysia.
“We managed to get the accounts audited and approved by the Board in about two months and we are disclosing the full audited accounts prior to our listing to facilitate timely and accurate information on the company’s performance in 2004.
“Total revenue increased by 1% to RM286 million from RM283 million recorded in 2003. This increase is mainly driven by a 8% increase in operating revenue, from RM202 million in 2003 to RM218 million in 2004,” Khairussaleh said.
The increase in operating revenue was primarily attributable to increases in revenue from income or fees derived from operations of the group, particularly Institutional Settlement Services fees and perusal fees received as a result of increased corporate activity and also from clearing fees, attributable to the increase in market turnover.
“Total expenditure did not change materially between 2003 and 2004, other than the one off expense cost of RM37 million incurred from compensation expenses under the Voluntary Separation Scheme (VSS) implemented in June 2004.
“Largely due to the VSS cost incurred, net profit for 2004 is recorded at RM35 million, 41% lower than net profit of RM60 million recorded in 2003,” Khairussaleh said.
The full audited 2004 financial results is available on Bursa Malaysia’s website, www.bursamalaysia.com. Investors can call Bursa’s Investor Relations at 03 2034 7159.
Summary Of Bursa Malaysia Berhad Financial Results 2004.
| Group | Company | |||
| 12-month ended 31.12.04 (RM 'million) | 12-month ended 31.12.03 (RM 'million) | 12-month ended 31.12.04 (RM 'million) | 12-month ended 31.12.03 (RM 'million) | |
| Operating Revenue | 218 | 202 | 156 | 189 |
| Other Income | 68 | 81 | 37 | 44 |
| 286 | 283 | 193 | 233 | |
| Operating Expenses | 223 | 187 | 172 | 143 |
| Operating Profit | 63 | 96 | 21 | 90 |
| Net Profit Attributable to Shareholders | 35 | 60 | 10 | 58 |
