KUALA LUMPUR: Surging trading volume of Bursa Malaysia is helping to boost turnover and net profit at share trading platform provider N2N CONNECT BHD
.
The company, in a filing with Bursa Malaysia today, said revenue in the second quarter ended June 30 jumped 9.1% to RM28.55mil from RM26.17mil a year ago.
"The higher revenues were mainly due to the higher implementation fees, higher equipment rental revenue and higher monthly transaction fees attributed to the surge in Bursa Malaysia’s market trading volumes during the quarter," it said.
The higher revenue, coupled with lower cost, boosted its profit after tax by 2.4 times higher to RM6.86mil.
...