Key Financial & Market Highlights |
|
Bursa Malaysia Berhad (“Bursa Malaysia” or “the Exchange”) sustained its financial performance by registering profit after tax and minority interest (“PATAMI”) at RM198.6 million for the financial year ended 31 December 2015 (“FY2015”). Operating revenue improved from RM471.3 million in 2014 to RM487.7 million, up 3.5 per cent while the return on equity (“ROE”) recorded an increase from 25 per cent in FY2014 to 26 per cent in FY2015.
Datuk Seri Tajuddin Atan, Chief Executive Officer of Bursa Malaysia said, “Despite market volatility and challenging economic conditions, Bursa Malaysia has recorded a strong financial performance. While trading revenue in the Securities Market decreased due to lower trading participation by retail investors and domestic institutions, the Derivatives Market has seen increased trading activities on the back of higher volatility in Crude Palm Oil (CPO) prices, and the Islamic Capital Market posted strong growth in Bursa Suq Al-Sila (BSAS) trading driven by the conversion of Murabaha deposits and growing interest in tenor based pricing.
Bursa Malaysia has now recorded consistent growth in operating revenue over the past five years from RM381.5 million in 2011 to RM487.7 million in 2015. Our performance in 2015 is the outcome of several initiatives undertaken by the Exchange to encourage trading, improve investor confidence and strengthen the infrastructure of the marketplace.
In 2015, Bursa Malaysia in collaboration with our brokers conducted 178 engagements with retail investors reaching an audience of over 30,000 nationwide. More recently we continued our engagement with retail investors through the inaugural Marketplace Fair @ Bursa which is our newest capital market flagship. This adds to our existing flagships which target institutional investors such as ASEAN CAP10 CEO Summit, Invest Malaysia Kuala Lumpur, the Palm and Lauric Oils Price Outlook Conference & Exhibition, the Financial Markets Price Outlook Conference and the Gold & Precious Metals Price Outlook Conference.
Bursa Malaysia’s introduction of a new Sustainability Framework in 2015 has also encouraged deeper integration of sustainable strategies amongst public listed companies. We have advocated more sustainable business practices by bringing the conversation to an even wider capital market audience through the Global Sustainability and Impact Investing Forum, the ASEAN CAP 10 Sustainability Symposium - where we introduced a Sustainability Guidebook and Toolkit - and through engagements in relation to the FTSE4Good Bursa Malaysia ESG Index.”
For the year under review, the average daily trading value (“ADV”) for Securities Market’s on-market trades eased 3.0 per cent to RM1.99 billion. Average daily contracts (“ADC”) for Derivatives Market climbed 12.8 per cent to 57,157 contracts as a result of an increase in the volume of FCPO and FKLI contracts. For the Islamic Capital Market, BSAS ADV rose 120.8 per cent to RM15.2 billion. Operating expenses increased by 3.3 per cent to RM239.7 million.
PATAMI for the fourth quarter of 2015 (“4Q2015”) was down 4.8 per cent compared to the corresponding quarter of last year as a result of higher expenses in the last quarter. The ADV for Securities Market’s on-market trades was up by 7.5 per cent to RM2.15 billion, while ADC traded in the Derivatives Market increased by 2.7 per cent to 55,985 contracts in 4Q2015.
Bursa Malaysia is proposing a final dividend of 18.0 sen per share, bringing the full year 2015 total dividend to 34.5 sen per share. The proposed dividend will be presented to shareholders during the Company’s 39th Annual General Meeting in March 2016 for their approval.
Datuk Seri Tajuddin said, “The overall performance of global and regional equities markets is bearish compared to their respective five-year performance. However, on our part we will continue to find ways to reinforce existing market infrastructure, such as by improving access to capital for small businesses, and by further strengthening the competitiveness of our Islamic Capital Market. Further to this, we will continue to manage the impact of external factors by fostering greater market confidence and maintaining the integrity of the capital market.”
The financial results for the full year of 2015 is available on Bursa Malaysia’s website (www.bursamalaysia.com)
FINANCIAL RESULTS |
FY2015 |
FY2014 |
Percentage Change |
RM ’mil |
RM ’mil |
% |
|
Operating revenue |
487.7 |
471.3 |
3.5 |
Other income |
30.8 |
32.5 |
(5.1) |
Total revenue |
518.5 |
503.8 |
2.9 |
Staff costs |
(133.9) |
(127.6) |
5.0 |
Depreciation and amortisation |
(23.7) |
(25.3) |
(6.1) |
Other operating expenses |
(82.2) |
(79.2) |
3.7 |
Profit before tax |
278.7 |
271.7 |
2.6 |
Income tax expense |
(72.3) |
(67.7) |
6.8 |
Profit after tax |
206.4 |
204.0 |
1.2 |
Minority interest |
(7.8) |
(5.8) |
35.3 |
PATAMI |
198.6 |
198.2 |
0.2 |