KUALA LUMPUR, 29 OCTOBER 2021 – Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”) recorded a Profit After Tax and zakat (“PAT”) of RM290.3 million for the nine- month financial period ended 30 September 2021 (“9M2021”), a 6.4% increase from RM272.9 million reported in the previous corresponding period ended 30 September 2020 (“9M2020”). The increase in PAT is due to higher operating revenue, which grew by 6.5% to RM590.0 million from the previous corresponding period.
Meanwhile, total operating expenses in 9M2021 increased by 6.4% to RM213.2 million from RM200.4 million in 9M2020 mainly due to higher staff costs and corporate social responsibility expenditure.
Commenting on the results, Datuk Muhamad Umar Swift, Chief Executive Officer of Bursa Malaysia said, “While key economic indicators are pointing towards an improving outlook for the Malaysian economy, the ongoing developments of the COVID-19 pandemic will continue to influence the volatility and performance of the equity market.”
For the nine-month financial period under review, Securities Market registered trading revenue of RM359.9 million in 9M2021 compared to RM349.2 million in the previous corresponding period. This marks a revenue growth of 3.1% due to a higher effective clearing fee rate earned, which increased from 2.57 basis points in 9M2020 to 2.73 basis points in 9M2021 resulting from smaller-sized trades and lower market incentives. Apart from this, the higher Institutional Settlement Service fees earned also contributed to the growth.
Non-trading revenue from listing & issuer services also recorded an increase to RM52.3 million in 9M2021 as compared to RM40.1 million in the previous corresponding period. This was underpinned by the higher perusal & processing fees, initial and additional listing fees earned, which resulted from the higher number of corporate exercises and structured warrants listed in 9M2021. Other revenue streams that contributed to the growth include depository services, market data, and member services & connectivity.