The operator of the Australian Securities Exchange, ASX Limited
(ASX:ASX) has improved its annual profit on the back of higher trading volumes.
The market operator lifted its full year net profit by 2.7 per cent to $348 million, driven by stronger volumes of equity derivatives and interest-rate futures.
CEO Elmer Funke Kupper says a stabilising global economy flowed through to improving activity levels in Australia’s financial markets as the year progressed.
In the past financial year the Australian bourse raised $553 million in June while Australia’s S&P/ASX 200 Index gained 17 per cent over the 12 months to June.
A fully franked final dividend of 82.3 cents per share has been declared, dipping from the year before as a result of the company’s capital raising, and bringing the full year payout to $1.70.
