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Johannesburg - Johannesburg bourse operator JSE Ltd [JSE:JSE] reported a 24% increase in first-half earnings on Tuesday as volatile global markets helped underpin trading volume, and said it would issue a special dividend, sending its shares higher.
The JSE, which operates Africa's largest stock exchange, said diluted headline earnings per share totalled 284.4 cents in the six months to end-June, compared with 229.7c a year earlier.
Revenue for the period rose 7% to R667.9m, helped by a 5% increase in equity trading revenue and a 44% increase in revenue from currency derivatives.
Revenue from commodity derivatives increased 15%, the JSE said.
The JSE plans to move to a new trading platform next year, to ramp up speed and avoid technical glitches that have halted trade a handful of times over the last 16 months.
The bourse operator said it decided to pay a special dividend of 210c/share, as the replacement of the trading platform will mark the end of its recent large-scale capital expenditure.
That compares with no dividend in the first half of last year.
Shares of the bourse operator were up 2.5% at R67.66, outpacing a 0.8% drop in Johannesburg's All-share index.
The JSE, which operates Africa's largest stock exchange, said diluted headline earnings per share totalled 284.4 cents in the six months to end-June, compared with 229.7c a year earlier.
Revenue for the period rose 7% to R667.9m, helped by a 5% increase in equity trading revenue and a 44% increase in revenue from currency derivatives.
Revenue from commodity derivatives increased 15%, the JSE said.
The JSE plans to move to a new trading platform next year, to ramp up speed and avoid technical glitches that have halted trade a handful of times over the last 16 months.
The bourse operator said it decided to pay a special dividend of 210c/share, as the replacement of the trading platform will mark the end of its recent large-scale capital expenditure.
That compares with no dividend in the first half of last year.
Shares of the bourse operator were up 2.5% at R67.66, outpacing a 0.8% drop in Johannesburg's All-share index.
