Volatility chips into ASX FY12 profit

Company News

ASX Limited (ASX:ASX) has reported a 3.7 per cent decline in its full year net profit, coming in at $339 million. The operator of the Australian Securities Exchange was impacted by market volatility over the year. 
 
CEO Elmer Funke Kupper says market conditions weakened as the year progressed and recent activity levels reflect the ongoing uncertainty surrounding the European sovereign debt crisis and the global growth outlook. 
 
Looking ahead Mr Funke Kupper says the company is well placed for when investor confidence returns through its diversified revenue profile, strong balance sheet and investment in new technology and services. 
 
A fully franked final dividend of 85.1 cents per share has been declared, bringing the full year payout to $1.779. 

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?