Bursa Malaysia posts lower Q1 profit of RM46.9m | Malay Mail

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Bursa Malaysia posts lower Q1 profit of RM46.9m

KUALA LUMPUR, April 29 — Bursa Malaysia Bhd kicked off its new financial year on a weak note with a 26.5 per cent drop in first-quarter net profit to RM46.86 million due to lower operating revenue.

Chief executive officer Datuk Muhamad Umar Swift said the easier Q1 performance was consistent with the prevailing domestic and global developments, which included concerns of slower economic growth, weaker corporate earnings and palm oil prices. In Q1 2019, the securities market segment registered trading revenue of RM59.0 million, down 22.6 per cent from RM76.3 million in last year’s corresponding quarter as a result of lower ADV for securities market’s on-market trades in the quarter under review.

 

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