Key Financial & Market Highlights
(9M2013 Vs 9M2012)
- PATAMI* at RM139.2 million, up 21%
- Annualised Return On Equity at 23%, up 24%
- Operating revenue at RM335.9 million, up 14%
- Operating expenses at RM163.8 million, at 45% cost to income ratio
- Average daily trading value for securities market at RM2.1 billion, up 20%
- Market capitalisation at end of September 2013 at RM1.6 trillion, up 14%
- Velocity at 32%, up 7%
- Average daily contracts traded for derivatives market at 44,160 contracts, up 16%
* PATAMI is profit after tax and minority interest.
Bursa Malaysia Berhad (“Bursa Malaysia” or “the Exchange”) today announced a higher PATAMI of RM139.2 million for its nine months ended 30 September 2013 (“9M2013”), marking an increase of 21% from RM114.8 million, compared to the corresponding period last year. Bursa Malaysia’s performance for 9M2013 is due to a buoyant securities market in which there was a marked increase in foreign trade value while the derivatives market saw a 16% increase in the average daily contracts traded to 44,160 contracts. Annualised return on equity recorded an increase of 24% to 23% from 18%. Cost to income ratio is at 45%.
Bursa Malaysia’s Chief Executive Officer Dato’ Tajuddin Atan said, “Bursa Malaysia’s total operating revenue was up 14% to RM335.9 million attributable largely to an increase in the securities trading revenue. For the period under review, trading revenue from the securities market registered double digit growth of 21% bringing the current total to RM166.9 million. The improved performance is derived from a higher average daily trading value (“ADV”) of RM2.1 billion for securities market, an increase of 20% from RM1.7 billion for the corresponding period, as a result of increased domestic and foreign participation. The interest and inflows is a reflection of Malaysia’s capital market resilience.”
The derivatives market’s average daily contracts (“ADC”) traded expanded by 16% which saw the ADC increase from 37,974 contracts to 44,160 contracts on the back of increased volatility in FBM KLCI and increased foreign participation in FCPO.
Bursa Malaysia’s third quarter of 2013 (“3Q2013”) PATAMI of RM46.2 million was up 27% compared to the corresponding quarter last year. Its operating revenue increased 16% from RM96.7 million to RM112.1 million driven by an increase in revenue for all three markets. The ADV for securities market increased by 24% to RM2.1 billion while ADC traded for the derivatives market increased 8% to 45,700 contracts. On the Islamic market front, the ADV of BSAS increased by 54% to RM3.8 billion.
Dato’ Tajuddin added, “The coming months will see us continuing our efforts in improving our market infrastructure and delivering new products and services. In October, we launched our gold futures contract trading on Bursa Malaysia. Moving forward, we will continue to focus on engaging both the retail and institutional investors.”
The financial results for the quarter ended 30 September 2013 are available on Bursa Malaysia’s website (www.bursamalaysia.com).
FINANCIAL RESULTS |
9M2013 |
9M2012 |
Percentage Change |
RM’mil |
RM’mil |
% |
|
Operating revenue |
335.9 |
293.9 |
14 |
Other income |
25.1 |
26.4 |
(5) |
Total revenue |
361.0 |
320.3 |
13 |
Staff costs |
(84.0) |
(74.7) |
12 |
Depreciation and amortisation |
(26.6) |
(25.2) |
5 |
Other operating expenses |
(53.2) |
(55.2) |
(3) |
Profit before tax |
197.2 |
165.2 |
19 |
Income tax expense |
(52.8) |
(45.8) |
15 |
Profit after tax |
144.4 |
119.4 |
21 |
Minority interest |
(5.2) |
(4.6) |
12 |
PATAMI |
139.2 |
114.8 |
21 |