Published On: Fri, Aug 12th, 2016

JSE maintains healthy financial performance

jse2JOHANNESBURG, (CAJ News) – THE Johannesburg Stock Exchange (JSE) has delivered a robust performance for the first half of 2016, driven by strong growth from almost all divisions.

Group earnings after tax increased by 19 percent to R513 million with operating revenue growing by 17 percent to R1,2 billion.

Group earnings before interest and tax (EBIT) are up by 17 percent to R567 million.

The earnings per share (EPS) increased by 19 percent to 599,7c and headline earnings per share (HEPS) increased by 19 percent to 585,1 c.

“This growth is net of nearly R50 million fee cuts in Equity Market report-only trading fees and Broker Dealer Accounting (BDA) fees, part of a consistent focus on transaction fee reductions to drive use of our markets and taking client needs into account,” says Nicky Newton-King, Chief Executive Officer of the JSE.

The Cash Equities and Equity Derivatives Markets grew R55 million and R8 million respectively due to an increase in billable value traded of 31 percent and 11 percent respectively.

The Currency Derivatives Market grew R3 million due to the 12 percent increase in number of contracts traded and the Interest Rate Market, grew R6 million due to growth in bond value traded of 38 percent.

Trading and Market Services: BDA contributed R151 million on the back of an 18 percent increase in the number of trades

The JSE’s focus for the second half of 2016 remains on projects that are designed to strengthen the delivery of the JSE’s strategic vision.

“We continue to focus on strengthening the foundational elements of our business which include people, technology and regulation, diversifying revenues, and driving enhanced capital and cost efficiencies,” says Newton-King.

In July JSE, the biggest bourse in the continent, restructured the business to enable enhanced focus on two such divisions: Post Trade Services and Information Services.

CAJ News

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