ASX reports profit increase

Company News

by Carolyn Herbert

ASX Limited (ASX:ASX) has reported solid profit growth for H1 2017, up 3 per cent to $219.4 million.

The bourse operator also experienced a bounce in operating revenue, up 2.8 per cent to $386.6 million, a $10.4 million increase on the previous corresponding period.

The company says it experienced growth in Derivatives and OTC Markets, as well as benefitted from an increased number of IPOs.

Earnings per share came in at $1.13 a 2.9 per cent increase on the corresponding half.

ASX declared a fully franked dividend of $1.02 per share, with a 90 per cent payout ratio.

Carolyn Herbert

Finance News Network
Carolyn joined FNN in August 2015 as the Head of News and also presents the Market at Midday and the Market Wrap. With more than five years of broadcast journalism experience, Carolyn has worked as a finance anchor on the Sky News Business channel and as an anchor and reporter for ABC News. She is also a qualified corporate lawyer specialising in IPOs, takeovers and mergers and acquisitions.