ASX market activity supports quarterly profit

Company News

ASX Limited (ASX:ASX) has increased its profit on the back of growth in market activity. 
 
The operator of the Australian Securities Exchange lifted its profit by 4.1 per cent to $298.7 million in the nine months to the end of March. 
 
CEO Elmer Funke Kupper has described the result as positive and says the company’s performance was driven by revenue growth. 
 
Mr Funke Kupper has also advised ASX is seeing growth in over the counter clearing activity since it cut fees. 
 
ASX reported a net profit of $198.6 million in the first half of the 2015 financial year.  

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