Bursa Malaysia's net profit jumps 42% to RM85.74mil in 3Q as ADV climbs

Quick Summary:

KUALA LUMPUR: A surge in trading revenue and profit in the first nine months of 2024 has Bursa Malaysia Bhd sanguine over hitting its benchmarks for the year.

Conference fees and exhibition-related income recorded RM6.4mil in 9M24, down from RM7.3mil in 9M23, primarily due to fewer participants at the Palm and Lauric Oils Price Outlook Conference & Exhibition.

In the third quarter of the year alone, the group posted a net profit of RM85.74mil, up from RM60.41mil in the previous corresponding quarter, while revenue rose to RM211.26mil from RM158.71mil in the comparative quarter.

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Category: EconomyBusiness

Markets: Malaysia

Topics: Equities Markets Stocks /Business/Business News Commodity Investor FBM KLCI Trading Bursa Malaysia

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 13:14:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 525 words

Reading Time: 3 minutes read

Sentences: 21 lines

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Copyright Owner: © The Star

News ID: 23335211

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