ASX posts slight rise in FY profit

ASX (ASX) says it will work to counter international regulations "that are not being designed to suit Australian market conditions", after booking a slight rise in full-year profit. 

Net profit for the Australian Securities Exchange rose 2.7% to $348.2 million in the year to June, from $339.2 million in the prior year and slightly above its guidance for $346 million.

Analysts were estimating net profit to come in at around $348.8 million. 

Operating revenues were 1.1% higher at $614.7 million, from $610.4 million in the period, largely on an uptick in its derivatives revenues, which account for 32% of takings.  

It will drop its fully-franked dividend by 3.3% to 82.3 cents on last year because of a $553 million capital raising run this year.