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JSE earnings rise 24%

Aug 16 2011 17:05 Reuters

Company Data

Jse Ltd [JSE : JSE]

Last traded R73.36
Change R-0.15
% Change -0.20%
Cumulative volume 411,779
Market cap R6.37bn

Last Updated: 25/05/2012 at 19:32. Prices are delayed by 15 minutes. Source: McGregor BFA

 

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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.

 
 
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