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NewsUpdate Bursa 1Q profit falls 6%, revenue flat
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Update Bursa 1Q profit falls 6%, revenue flat
by Cals Thu 18 Apr 2013, 14:42
Update Bursa 1Q profit falls 6%, revenue flat
Business & Markets 2013
Written by Chong Jin Hun of theedgemalaysia.com
Thursday, 18 April 2013 14:02
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KUALA LUMPUR (April 18): BURSA MALAYSIA BHD [] reported 6% drop in first quarter profit from a year earlier as revenue growth came in almost flat on lower securities-trading income.
Higher staff cost besides depreciation and amortisation had also curbed the stock exchange operator's bottom line, the firm said in a statement posted on its website today.
Bursa Malaysia said net profit came to RM38.2 million in the first quarter ended March 31, 2013 compared to RM40.61 million previously while revenue grew 0.5% to RM110.44 million from RM109.86 million.
Looking ahead, Bursa Malaysia said it expects to see a "growing interest" in the securities market during the coming quarters amid a resilience domestic economy.
The firm said it is also positioning itself for more competition among regional stock exchanges. Bursa Malaysia said it will expand its product range and offer more opportunities to market participants.
Business & Markets 2013
Written by Chong Jin Hun of theedgemalaysia.com
Thursday, 18 April 2013 14:02
A + / A - / Reset
KUALA LUMPUR (April 18): BURSA MALAYSIA BHD [] reported 6% drop in first quarter profit from a year earlier as revenue growth came in almost flat on lower securities-trading income.
Higher staff cost besides depreciation and amortisation had also curbed the stock exchange operator's bottom line, the firm said in a statement posted on its website today.
Bursa Malaysia said net profit came to RM38.2 million in the first quarter ended March 31, 2013 compared to RM40.61 million previously while revenue grew 0.5% to RM110.44 million from RM109.86 million.
Looking ahead, Bursa Malaysia said it expects to see a "growing interest" in the securities market during the coming quarters amid a resilience domestic economy.
The firm said it is also positioning itself for more competition among regional stock exchanges. Bursa Malaysia said it will expand its product range and offer more opportunities to market participants.
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