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.
 

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