JSE delivers stable performance amidst challenging macro-economic conditions.
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GUEST – Leila Fourie, the Group CEO at the JSE.
The Johannesburg Stock Exchange (JSE) announced a stable set of results for the first half of its financial year, with a Net Profit After Tax of R493 million translating into headline earnings per share of 606 cents. The Group continues to be cash generative, with net cash generated from operations of R502.6 million (2023: R487.9 million), up 3%. Notably, these results have been achieved despite a challenging macro-economic, political and trading environment.
The JSE reported a 4.2% growth in operating income underpinned by increasingly diversified revenue streams. This solid financial performance is credited to the strong performance of the JSE’s diversified business segments and asset classes, whose year on year (Y-o-Y) growth offset the 12% decline in equity value traded (the JSE’s largest market): JSE Investor Services (JIS) grew by 28.9%; commodity derivatives revenue by 24.7%; and revenue from bonds and interest rate trading by 7.8%.
The Johannesburg Stock Exchange (JSE) announced a stable set of results for the first half of its financial year, with a Net Profit After Tax of R493 million translating into headline earnings per share of 606 cents. The Group continues to be cash generative, with net cash generated from operations of R502.6 million (2023: R487.9 million), up 3%. Notably, these results have been achieved despite a challenging macro-economic, political and trading environment.
The JSE reported a 4.2% growth in operating income underpinned by increasingly diversified revenue streams. This solid financial performance is credited to the strong performance of the JSE’s diversified business segments and asset classes, whose year on year (Y-o-Y) growth offset the 12% decline in equity value traded (the JSE’s largest market): JSE Investor Services (JIS) grew by 28.9%; commodity derivatives revenue by 24.7%; and revenue from bonds and interest rate trading by 7.8%.