ASX posts lift in profit

Company News

ASX Limited (ASX:ASX) has posted net profit for the full year to June 30 of $352 million, that’s more than a 7 per cent rise on the previous corresponding period.

Strong initial public offerings translated into 160 new listings for the year, compared with 93 the year before, which boosted initial capital raisings to $29.4 billion compared with $11.5 billion the year before.

The ASX managing director and chief executive said the results were sound, in a year dominated by geopolitical and natural disasters.

The ASX will pay a final fully franked dividend of 93 cents per share, an increase of 10 per cent, and brings the total full year dividend to 183.2 cents per share.

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