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ASX FY'19 net profit rises 12.6% YOY, ups final dividend

ASX Ltd. reported a 12.6% year-over-year increase in net profit for the fiscal full year ended June 30 driven by strong performance in its core businesses.

ASX said its statutory profit after tax rose to A$492.0 million from A$436.8 million. EPS increased to A$2.54 from A$2.30 in the prior-year period.

Underlying profit after tax was S$492 million, compared to A$457.0 million in the year-ago period. Underlying EPS was A$2.54, up from A$2.40 in the prior-year period.

The S&P Global Market Intelligence consensus normalized estimate for the full year was A$2.56, while the GAAP EPS estimate was A$2.66.

Total net interest income for the full year rose to A$98.8 million from A$68.5 million.

Operating revenue climbed 6.5% year over year to A$863.8 million from A$810.9 million. Listings and issuer services revenue increased 5.5% to A$220.2 million from A$208.8 million. Derivatives and OTC markets revenue rose 7.8% to A$308.6 million from A$286.4 million, and trading services revenue increased 9.4% to A$229.6 million from A$209.9 million. Equity post-trade services revenue also increased to A$108.4 million from A$104.8 million.

Operating expenses grew to A$214.8 million from A$195.5 million.

The company declared a final dividend of A$1.14 per share, up from A$1.09 per share in the prior-year period. The company's total dividend for the full year, including an interim dividend of A$1.14 per share, amounted to A$2.29 per share, up 5.7% from A$2.16 per share. The company will also pay a special dividend of A$1.29 per share as part of proceeds from its sale of its entire shareholding in IRESS Ltd.

The final dividend will be paid on Sept. 25.