Key messages
- Revenue and other income for Q142017 was 11 per cent higher than Q1 2016, which was attributable to:
- Increases in core revenue including Stock Exchange listing fees and depository, custody and nominee servicesfees;
- Increases in net investment income arising from Corporate Funds and higher interest income from Margin Funds;and
- One-off income of $55 million post-liquidation interest from the liquidators of Lehman Brothers Securities Asia Limited.
- Operating expenses were 2 per cent lower than Q1 2016 due to a one-off insurance recovery of $23 million relating tothe warehouse litigation in the United States. Excluding this recovery, operating expenses were broadly flat comparedto Q1 2016.
- EBITDA margin of 73 per cent was 4 per cent higher than both Q1 2016 and the year ended 31 December 2016.
- Profit attributable to shareholders increased by 20 per cent to $1,716 million.
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