Bursa Malaysia Bhd reported a more than 2.5-fold increase in net profit to RM121.94 million for the third quarter ended Sept 30, 2020 compared with RM47.1 million reported in the same period of the previous year, on the back the back of the improved performance from the securities and derivatives markets.According to the group’s disclosure, the securities market saw a segment profit of RM180.2 million in Q3’20, a 143.
The exchange holding company saw a higher segment loss of RM4.5 million for the quarter compared with RM2.6 million previously, due to higher staff costs. Its others segment, which is made up of Bursa Suq Al-Sila, bonds and offshore exchange business, saw a 8.3% increase in profits of RM2.2 million from RM2.1 million previously.
In the first nine months of the year, the group saw a net profit of RM272.89 million, a 94.% jump from RM140.3 million posted in the same period of the previous year. Revenue for the period stood at RM568.27 million, a 52.3% improvement from RM373.16 million. “The continuous operations of our markets have been critical in making available the necessary liquidity and risk management tools for investors to respond in a higher volatility environment and invest in new opportunities,” said the bourse operator’s CEO, Datuk Umar Swift. in a statement.
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