NAIROBI: THE Nairobi Securities Exchange (NSE) has announced its 2013 financial results marking a premier public announcement of the bourse’s performance in its 60-year history.
Overall, the NSE realized a 62, 03 percent increase total income of Sh 622, 71 million compared to the previous year’s income of Sh 384, 33 million.
Net profit was Sh 263 million, which is a 210 increase over 2012’s net profit of Sh 84, 78 million and the highest in the history of the Exchange.
The bourse, which has 60 listings, also witnessed notable gains in 2013 with an impressive rise in market capitalization of 49, 91 percent Sh 1, 92 trillion.
Additionally, equity turnover rose by 79, 45 percent from the previous year’s 86, 79 Billion to Sh 155, 75 billion in 2013.
Speaking during the press briefing, Peter Mwangi, Chief Executive Officer of the NSE, said, “Our strong financial performance in 2013 was a result of the very strong market performance and the efforts of management to diversify revenue streams from the traditional sources of transaction levy and annual listing.”
He said the premier financial results announcement highlights the commitment of NSE to be a more transparent and inclusive brand.
The NSE is gearing itself to list on the Main Investment Market Segment (MIMS) through an initial public offer this year.
SOURCE: CAJ NEWS AGENCY