JSE results satisfactory in challenging year

JSE results satisfactory in challenging year

Headline EPS up 29% on 9% operating revenue increase

JSE Limited produced a sound set of annual results for the year ended December 2011, despite continued testing market conditions. Strong revenue performance and cash flows, and tight operating cost control for the year resulted in headline earnings per share of 562.4 cents, 29% higher than 2010’s 436.1 cents per share.

Strong operational performance across the exchange’s markets and business lines has enabled the JSE to grow operating revenue by 9% to R1.4 billion (2010: R1.3 billion).

“The 2011 financial year was impacted by challenges ranging from volatile markets, a slow economic pace dampening the appetite for new listings, and economic uncertainty, these challenges were balanced by National Treasury’s continued relaxation of exchange controls and a growing interest in Africa,” says Nicky Newton-King, CEO of JSE Ltd “Within this context, our focus has be centred on continued resilience and sustainability. Our ability to remain competitive and well-regulated in our fast changing industry has been maintained through continued growth in product range and trade volumes, as well as tight management of costs.”