KUALA LUMPUR (Dow Jones)--Bursa Malaysia Bhd. (1818.KU) said Thursday its fourth-quarter earnings rose more than seven times from a year earlier mainly due to a one-off gain from a stake sale in its derivatives unit.
The Malaysian stock and derivatives exchange operator's net profit for the three months ended Dec. 31 was MYR96.3 million compared with MYR13.5 million a year earlier.
Bursa said in a filing that excluding the MYR76 million one-off gain from the disposal of a 25% stake in Bursa Malaysia Derivatives, operational profit was MYR20.3 million, a 50% rise from a year earlier, as more favorable investor sentiment boosted trading activity.
Fourth-quarter revenue more than doubled to MYR157.4 million from MYR71.1 million a year earlier.
- By K.P. Lee ; Dow Jones Newswires; (603) 2026 1233; kwan-por.lee@dowjones.com
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(END) Dow Jones Newswires
February 04, 2010 00:11 ET (05:11 GMT)
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