JSE sees big jump in interims
JSE Ltd, which operates the Johannesburg Stock Exchange, expects its headline earnings per share to be between 20% and 40% higher than the previous year’s 245.5 cents per share.
Basic earnings per share for the period are expected to be between 180% and 200% higher than the previous year’s 117 cents per share.
The JSE said that its results have been impacted by increased group operating revenues as a result of:
- increased trading activity in its Equity, Financial Derivatives, Interest Rate and Currency Markets;
- continued strong performance by its Post Trade Services and Market Data Divisions;
- the absence of an impairment and its associated tax consequences in this reporting period whereas there was an impairment (H1 2012: R72.6m) in the comparable period in 2012.
In March the JSE reported a marginal (1.1%) increase in revenue for the year ended December 2012 to R1.38 billion.
The group said it invested in a number of new technologies to improve its services, while additional investments remain under consideration by management.
Such potential investments, it said, would mean capex spend in 2013 projected at about R200 million.
Profit from operating activities was R405.57 million, from R380.07 million, while diluted earnings per share declined to 349.5 cents from 396.1cents in 2011.
The group’s board maintained a dividend of R2.50.
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