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Australian News

ASX lifts profit by 10pc, boosted by listing and information services

Release date:2014-08-21

ASX, the operator of the Australian Securities Exchange, has exceeded analyst earnings forecasts, with full-year profit up 10 per cent to $383.2 million and all divisions showing increases in revenue. Overall sales increased 6.6 per cent to $658.3 million.

The strongest growth engine was its listing and information services division, where profits were up 10.9 per cent to $154.9 million.

In share trading, which is the only area where the bourse faces competition, revenues edged up just 0.7 per cent to $33.1 million.

 

News resource: http://www.smh.com.au/business/banking-and-finance/asx-lifts-profit-by-10pc-boosted-by-listing-and-information-services-20140821-106jqs.html#ixzz3AyzeeFHu