JSE grows profit more than a quarter as new business lines pay off

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Nigeria News News

Higher interest rates and new lines of business, such as advisory services, helped lift profit 28% in the JSE's half year to end-June

The JSE, the company that operates Africa’s largest stock exchange, says profits rose more than a quarter in its half year to end-June, lifted by higher interest rates and its push into new services, such as market intelligence and shareholder management.

The JSE’s revenue depends on the level of market activity, with its market share by value of trade 99.7%, with the firm saying on Tuesday it had maintained this, while its investors services business was winning new clients...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines