KUALA LUMPUR (April 30): Stock exchange operator Bursa Malaysia Bhd said on Tuesday that its net profit rose 34% in the first quarter of the year, from a year earlier, thanks to higher trading activity and fees from listings and other services.

Net profit for the three months ended March 31, 2024 (1QFY2024) was RM75.03 million compared to RM56.17 million over the same period last year, Bursa Malaysia said in an exchange filing. Revenue for the quarter climbed nearly 20% year-on-year to RM187.2 million, from RM156.5 million.

“Bursa Malaysia is well-positioned to continue developing the marketplace and make further progress on our strategic plans,” said Bursa Malaysia chief executive officer Datuk Muhamad Umar Swift. “The exchange is cautiously optimistic in meeting all five headline key performance indicators for the financial year ending 2024,” he added. 

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