Published: Thursday April 18, 2013 MYT 2:03:00 PM
Updated: Thursday April 18, 2013 MYT 2:14:54 PM

Bursa Malaysia Q1 earnings down 5.9% to RM38.2m

KUALA LUMPUR: Bursa Malaysia Bhd earnings fell 5.9% to RM38.20mil in the first quarter ended March 31, 2013 from RM40.61mil a year ago mainly due to salary review and adjustments.

The stock exchange operator said on Thursday the review and adjustments were undertaken as part of its efforts to be a competitive employer in attracting and retaining good talent.

Its revenue was marginally higher at RM110.43mil compared with RM109.86mil a year ago. Operating expenses rose 5% to RM54.90mil. Earnings per share were 7.20 sen compared with 7.60 sen.

Bursa Malaysia said average daily trading value for securities market fell 13% to RM1.7bil while market capitalisation rose 9% to RM1.5 trillion.

"For the period under review, the derivatives market posted a commendable performance with an increase of 43% in trading revenue to RM18.4mil from RM12.9mil recorded in the same period last year," it said.

Bursa Malaysia said this was attributable to the higher open interest and contracts traded which saw the average daily contracts (ADC) increase by 46%, from 31,015 contracts to 45,188 contracts. "Bursa Malaysia's performance in the first quarter of 2013 was stronger that the performance of the preceding quarter (ended Dec 31, 2012).

"For the period under review, Bursa Malaysia registered a 7% increase in its profit after tax and minority interest, from RM35.8mil to RM38.2mil, on the back of an 8% increase in total operating revenue, from RM94.5mil to RM101.7mil," it said.

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