ASX posts slight rise in FY profit

Market operator will work to counter global regulations not designed to suit domestic market.

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.