KUALA LUMPUR, Oct 25 — Bursa Malaysia Bhd's pre-tax profit rose 15.4 per cent to RM71.07 million in the third quarter ended Sept 30, 2017 from RM61.6 million in the same period a year ago.

Revenue increased to RM130.27 million from RM119.4 million previously, the stock exchange operator said in a filing to Bursa Malaysia today.

On the segment profit, securities market grew 18.1 per cent to RM75.9 million during the quarter under reviewed (3Q17) compared with RM64.2 million registered  in third quarter 2016 (3Q16) as a result of higher trading revenue and listing and issuer services.

The derivatives market, however, declined by 13.1 per cent to RM11.2 million in 3Q17 from RM12.9 million in 3Q16 as a result of lower guarantee fees earned which are components of trading revenue.

For the nine month (9M17) results, pre-tax profit advanced RM231.26 million from RM201.63 million earlier while revenue chalked up to RM415.63 million from RM383.05 million previously.

Profit after tax and minority interest (PATAMI) improved 17 per cent, year-on-yea,r to RM167.8 million in 9M17 from RM143.5 million registered in the same period last year.

Meanwhile, chief executive officer Datuk Seri Tajuddin Atan said the growth in PATAMI was attributable largely to the increase in both trading and non-trading revenue, citing the equity market remained buoyant up to end of 3Q17.

He said the benchmark FBM KLCI registered a 6.9 per cent gain in January-September 2017 on the back of overall positive market sentiment and net inflows from foreign investors.

"Increase in listing fee collection from higher and larger Initial Public Offerings (IPOs) and new structured warrants listed, together with processing fees earned from corporate exercises, contributed to the increase in non-trading revenue.

"The favourable market condition also contributed to improved market activities,” he said in a statement.

In 9M17, the average daily trading value for the securities market’s On-Market Trades increased 24.8 per cent to RM2.3 billion, he said, adding the first nine months 2017 saw 10 IPOs that raised a total of RM7.4 billion compared with RM0.5 billion recorded in the same corresponding period last year. — Bernama