Dear ASX Shareholder
On 17 August 2017, ASX Limited (ASX) announced its full-year results for the 12 months to 30 June 2017 (FY17). It was a solid performance, with revenue levels higher across most major areas of the business, and good progress made on our strategic initiatives.
Operating revenue grew by 2.4% to $764.1 million, an increase of $17.8 million, and profit after tax rose 1.9% to $434.1 million, an increase of $7.9 million.
The result was underpinned by growth in trading activity, due in part to global economic uncertainty and pockets of volatility. The daily average value traded on ASX's equity market rose 2.3% to $4.3 billion and the number of futures contracts traded increased 4.5% to over 556,300 per day. There were significantly more new listings in FY17, rising to 152 from 124 last year – the most in six years – including many foreign and technology companies. The total amount of capital raised, however, was lower, down 28.8% to $56.0 billion
AGM ADDRESSES BY THE CHAIRMAN AND THE MANAGING DIRECTOR AND THE CEO
Attached is a copy of the addresses to be given by the Chairman and the Managing Director and CEO at ASX Limited's Annual General Meeting today.
The value of ASX-listed stocks, as measured by the All Ordinaries Index, remained flat in August 2017. This was in line with the US and in contrast to other major markets, including Hong Kong up 2.4%, the UK up 0.8%, Singapore down 1.6%, Japan down 1.4%, and Germany down 0.5%.
Volatility measures for the Australian equity market remained relatively low in August:
Volatility (as measured by the average daily movement in the All Ordinaries Index) was 0.4% in August, down on the previous month (0.6%).
Expected future volatility (as measured by the S&P/ASX 200 VIX) in August was an average of 13.5 (compared to 13.4 in July).
LISTINGS AND CAPITAL RAISINGS
In August 2017, total capital raised was $5.8 billion, down 7% on the previous corresponding period (pcp).
Change of Director's Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 30/09/01 Amended 01/01/11
Name of entity ASX Limited
ABN 98 008 624 691
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
ASX financial report
1. To receive the financial statements, directors' report and
auditor's report for ASX and its controlled entities for the
year ended 30 June 2017.
Note: There is no requirement for shareholders to approve these reports.
Securities Exchanges Guarantee Corporation Limited – financial
report for National Guarantee Fund
2. To receive the financial statements and auditor's report for the
National Guarantee Fund for the year ended 30 June 2017.
Security on which the Distribution will be paid
ASX - ORDINARY FULLY PAID
Date of this announcement
Thursday August 17, 2017
Thursday September 7, 2017
Friday September 8, 2017
Wednesday September 27, 2017
ASX Limited (ASX) is Australia's leading exchange group and one of the 50 largest companies listed in Australia. It was created as a national exchange in April 1987 after the amalgamation of Australia's six state based stock exchanges. In July 2006, ASX merged with SFE Corporation which operated the major derivatives exchange in Australia.
ASX is ranked among the world's top 10 exchange groups measured by market capitalisation. As a fully integrated exchange group, ASX offers a suite of services including listings, trading, clearing and settlement across multiple asset classes – equities, fixed income, commodities, and energy.
ASX services a diverse customer base including retail, institutional and corporate customers directly and through Australian and international intermediaries.
The operations of ASX are licensed by the Australian Securities and Investments Commission (ASIC) and the Reserve Bank of Australia (RBA).
ASX welcomes the opportunity to present a report on its tax contribution and has followed the recommendations outlined in the Board of Taxation's Tax Transparency Code.
ASX LIMITED FULL-YEAR RESULTS TO 30 JUNE 2017 (FY17)
* CONTINUED EARNINGS GROWTH – NPAT UP 1.9% TO $434.1M
* MACRO FACTORS PLUS BUSINESS INITIATIVES DRIVING GROWTH
Highlights relative to the prior comparative period (FY16) based on Group segment reporting: