Bursa Malaysia posts RM355.25m net profit for FY21

by NUR HANANI AZMAN / pic by TMR FILE

BURSA Malaysia Bhd posted a net profit of RM355.25 million for the financial year ended Dec 31, 2021 (FY21), a 6.0% decrease from RM377.74 million a year ago.

The stock exchange operator’s revenue declined to RM767.54 million from RM798.97 million, mainly due to lower operating revenue of RM751.63 million in FY21 compared to RM778.81 million in FY20, a decrease of 3.5%.

Bursa Malaysia chairman Tan Sri Abdul Wahid Omar said the exchange demonstrated great resilience and performed well throughout the year, notwithstanding that FY2021 proved to be a challenging year globally.

“We continued to witness active trading for securities on our stock exchange, at an average daily trading value of RM3.5 billion. In addition, we recorded 30 initial public offerings in FY21 compared to only 19 in FY20, which raised a total of RM2.7 billion.

“The numbers were testament that companies and investors were confident in the Malaysian capital market and the exchange as a platform for their fundraising and investing needs,” he said during Bursa Malaysia FY21 financial results briefing today.

For the fourth quarter, the stock exchange’s net profit was lower at RM64.95 million from RM104.85 million a year ago. Revenue slipped to RM165.18 million from RM230.70 previously.

For FY21, the Securities Market registered a trading revenue of RM442.9 million compared to RM498.9 million in FY20, a decrease of 11.2% due to lower average daily trading value for on-market transactions and direct business transactions.

The 20.1% increase in new structured warrants listed resulted in a total of 1,451 new structured warrants, which contributed to the increase in listing and issuer services revenue by 24.3 percent to RM70.8 million while depository services revenue rose by 18.3% to RM58.2 million from RM49.2 million in FY20.