Australia's ASX says first-half profit rises 5 pct

By Kitco News / February 14, 2018 / www.kitco.com / Article Link

Feb 15 (Reuters) - Australian Securities Exchange Ltd ,the world's 16th-largest stock market by market capitalisation, said first-half net profit rose 5 percent as it experienced a pickup in trading activity in the derivatives markets.

Profit for Australia's dominant bourse operator was A$230.5 million ($182.81 million) for the six months ended Dec. 31, it said on Thursday, beating a Citigroup estimate of A$226 million.

The company declared an interim dividend of 107.2 Australian cents per share, up from 102 cents a year earlier.

($1 = 1.2609 Australian dollars)


(Reporting By Shashwat Pradhan in Bengaluru; Editing by Byron Kaye and Andrew Heavens)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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