JSE revenue steady, profit falls 12%
The JSE on Tuesday reported steady revenue generation during the year ended December 2012, despite its net profit after tax decreasing by 12%.
The JSE achieved revenue of R1.38-billion during the year under review, up 1.1% on the R1.36-billion in revenues earned in 2011.
However, its net profit after tax fell to R302.1-million during the 2012 financial year, compared with the R341.8-million recorded in 2011.
The decline was attributed to the unwinding of a deferred tax asset associated with the termination of key components of the JSE’s systems replacement project.
The JSE further reported a decrease in headline earnings a share, from 562.4c in 2011, to 473.2c for 2012, while earnings a share reached 351.8c during 2012, compared with the earnings a share of 400.8c recorded in the prior year.
The group also announced the appointment of Aarti Takoordeen as CFO, effective February, replacing Freda Evans who resigned in September.
The JSE declared a dividend of 250c a share for the year.
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