REPORTING SEASON: ASX Ltd (ASX)
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Figure 1: ASX 12 month chart
ASX Limited (ASX), the operator of Australia’s main sharemarket, reported a 2.7% rise in FY13 (July 2012 – June 2013) profit to $348.2m.
The result was in line with its own guidance provided in June & was driven by higher trading volumes & activity this calendar year. Its derivatives business (ASX’s biggest) posted an 11.7% improvement in 2H13 revenue thanks to lower rates.
‘Derivatives & OTC markets’ accounted for 32% of revenue, while its ‘listing & issuer services’ unit made up 23% of income.
A $553m capital raising completed over June & July makes the ASX one of the best capitalised exchanges in the world.
ASX shares slipped today; but are 14% higher since Jan.