London Stock Exchange Half Yearly results 2011 - dividend increased

DividendMax Ltd.

London Stock Exchange Half Yearly results 2011 - dividend increased

ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2011

  • Strong financial performance, increased revenues across all business segments, continued cost discipline
  • Successful diversification strategy delivering tangible results, providing growth, performance and resilience
  • Total income up 20 per cent at 386.5 million (H1 FY 2011: 321.1 million); revenue of 328.1million up 9 per cent (H1 FY2011: 300.6 million)
  • Profit before tax up 79 per cent at 179.7 million (H1 FY 2011: 100.2 million); adjusted operating profit1 up 38 per cent at 214.3 million (H1 FY 2011: 154.8 million)
  • Basic EPS up 86 per cent at 43.1 pence (H1 FY 2011: 23.2 pence); Adjusted EPS up 48 per cent at 47.6 pence (H1 FY 2011: 32.2 pence)
  • Interim dividend of 9.3 pence per share, up 6 per cent (H1 FY 2011: 8.8 pence per share)

Commenting on performance of the Group, Xavier Rolet, Chief Executive said:

"Our diversification strategy is delivering. Today I am pleased to be reporting a strong first half performance across the Group with a 20 per cent rise in total income and a 79% per cent increase in profit before tax.

"Key highlights include a very good performance from Post Trade, an area we highlighted in 2009 as a core focus for us and which is now making a significant contribution to both Group revenue and growth. During the period we also successfully launched Turquoise Derivatives, launched MTS Gilts and a number of other new indices, secured new MillenniumIT contracts, continued to drive momentum in our UK Order Book for Retail Bonds and agreed to acquire the FSA's trade reporting service, TRS. In addition, we also remain actively engaged in exclusive discussions with LCH.Clearnet about a potential transaction.

"Our balanced and diversified business, with a well-hedged, inversely-correlated portfolio of products and services, makes us strongly placed to take advantage of growth opportunities that the changing market and regulatory environment is presenting. Partnering with our clients to drive innovation and new services, strong cost control and our continued focus on new opportunities to grow the scale, scope and efficiency of the Group remain core. We are well placed to propel our business forward and successfully deliver on our growth strategy."

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