Latest news with #SettlementGuaranteeFund
Zawya
4 days ago
- Business
- Zawya
MCDR achieves the highest annual profits since its establishment
Cairo: MCDR announces an exceptional financial performance for the year 2024, with net profits reaching 1.69 billion EGP. This achievement is supported by a 34% growth in revenue from operations, amounting to an increase of 153.7 million EGP compared to 2023, alongside a 78% rise in returns on investments, totaling to 685 million This strong performance reflects the company's robust growth and strategic initiatives aimed at enhancing market stability and investor confidence. Notably, a comprehensive overhaul of the digital infrastructure and the innovative market solutions have contributed significantly to accelerating daily processes, strengthening cybersecurity measures, and achieving high operational performance. MCDR has played a pivotal role in supporting the growth of financial markets by providing advanced financial services to all market participants in accordance with the highest international standards. This is part of a comprehensive vision developed by the current Board of Directors to improve institutional performance. The year 2024 also has also witnessed positive engagement from the company with regulatory decisions issued by the Financial Regulatory Authority, specifically the decision to regulate the Settlement Guarantee Fund. MCDR has implemented flexible and integrated risk management mechanisms in line with modern regulatory environments. In this context, Engineer Hesham Mabrouk, Managing Director, has stated: "Financial results for 2024 clearly attest to the success of the institutional development programs implemented by the company, whether through updating technological infrastructure, strengthening governance, or engaging with regulatory reforms. These results are particularly significant as they represent the highest annual profits since the company's establishment, reflecting the strength of its financial performance and reaffirming its position as a leading entity in the Egyptian financial market. Additionally, the company piloted the 'Egypt Clear' application for dividend disbursement, demonstrating our commitment to providing innovative digital solutions that enhance service efficiency and support our digital transformation and financial inclusion strategies." The company is scheduled to hold its ordinary general assembly this month to approve the previous year's financial statements and review the proposed profit distribution, amid positive indicators encouraging further expansion and sustainable growth. It is noteworthy that Misr for Central Clearing, Depository & Registry is an Egyptian Joint-Stock company established under the Capital Market Law No. 95 of 1992 and governed by Central Depository and Registry Law No. 93 of 2000. It is regarded as one of the main pillars in developing the Egyptian Capital Market, playing a vital role in establishing stability, reducing risks, and providing a safe and attractive investment environment.
Economic Times
07-05-2025
- Business
- Economic Times
BSE shares in focus after Q4 profit jumps 362% YoY, board declares Rs 23 per share dividend
Bombay Stock Exchange's (BSE) shares are in focus. The company's March-quarter earnings surged. Net profit rose 362% to Rs 494 crore. This was driven by higher transaction charges. The board declared a total dividend of Rs 23 per share. A special dividend commemorates BSE's 150th year. Transaction charges increased significantly. The company focuses on growing market share. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of India's oldest stock exchange, BSE , are set to be in focus on Wednesday after the company reported a sharp surge in its March-quarter earnings and declared a total dividend of Rs 23 per net profit for the fourth quarter of FY25 soared 362% year-on-year to Rs 494 crore, driven by a significant rise in transaction charges and strong operating leverage. Revenue from operations for the March quarter rose 75% from the year-ago quarter to Rs 847 EBITDA, including the core Settlement Guarantee Fund, more than tripled to Rs 594 crore from Rs 95.7 crore in the same quarter last year. EBITDA margins improved sharply to 70%.Profit before tax items rose to Rs 659 crore during the quarter, compared to Rs 153 crore in the corresponding period of the previous board of the company recommended a special dividend of Rs 5 to commemorate BSE's 150th year, in addition to a regular dividend of Rs 18. The total dividend of Rs 23 per share will be paid on or before September 18, with the record date set as May the March quarter, transaction charges surged 112% YoY to Rs 612 crore, benefiting from increased market activity and higher retail participation. Operating expenses declined to Rs 392 crore from Rs 415 crore in the same period last treasury income dipped to Rs 44.3 crore from Rs 58 crore in the year-ago period, investment income rose to Rs 70 crore from Rs 55.2 crore in the December said it remains focussed on growing market share across segments amid increasing investor participation and rising household financial savings. 'Increasing disposable household incomes and preference for financial savings is an advantage. Focus on innovation and launch of unique products across segments,' the company said in a Tuesday, BSE shares closed 3.15% lower at Rs 6,250 on NSE.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
