Bursa Malaysia’s Q1 net profit jumps 33.6% year-on-year

Muhamad Umar says Bursa Malaysia continues to democratise access and provide more opportunities for all stakeholders.Bursa Malaysia Bhd posted profit after tax, zakat and minority Interest of RM75.0 million for the first quarter ended March 31, 2024 , a 33.6% increase compared to RM56.2 million in the previous corresponding quarter ended March 31, 2023.

Bursa Malaysia CEO Datuk Muhamad Umar Swift said, “Drawing upon the positive momentum of the past year, we have started the year on a firm footing. The Average Daily Trading Value for Securities Market’s On-Market Trades continues to grow, rising by 36.9% to RM2.9 billion from RM2.1 billion in Q1 2023.”As a multi-asset exchange, Muhamad Umar said, it continues to democratise access and provide more opportunities for all stakeholders.

On the Islamic market front, operating revenue remained stable at RM4.5 million, mirroring the previous corresponding quarter’s performance. Meanwhile, the data business segment demonstrated significant growth, with operating revenue increasing by 21.9% to RM19 million from RM15.6 million in Q1’23.

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