ASX: Result 2012

ASX’s diversification helped limit the damage from the weak sharemarket. And higher pricing should help the 2013 result.

There were few surprises in ASX’s result. The second half of the 2012 financial year was weaker than the first, as forecast in ASX: Into the light from 8 Jun 12 (Long Term Buy – $29.87). Operating revenue for the year fell 1% to $610m, while underlying net profit dipped 3% to $346m. A fully franked final dividend of 85.1 cents was declared (ex date 27 Aug).

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