NSE Profit For 2013 Up 210pc

(Last Updated On: April 16, 2014)

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Nairobi Securities Exchange posted a 210 percent growth in net profit for the year ending December 2013. Its net profit went up from sh84.8 million in 2012 to sh262.7 million in 2013. The revenue was at sh622 million and this is a rise by 62 percent.

The rise in profit was due to increased activity in the stock market since their main income is trading commissions. The total equity turnover rose from 84 billion in 2012 to 155 billion in 2013.

NSE will pay a dividend of sh2 per share. This is double the sh1 which was paid out in 2011. The total pay out will be sh49 million.
Revenue may go up after the introduction of new products such REITs and derivatives.