The Nairobi Securities Exchange (NSE) yesterday morning announced their 2013 financial results at a press briefing that marked the premier public announcement of the bourse’s performance in its sixty year history.
Overall, the NSE realized a 62.03% increase total income of Kshs. 622.71 million compared to the previous year’s income of Kshs. 384.33 million. Net profit was Kshs. 263 million, which is a 210% increase over 2012’s net profit of Kshs. 84.78 Million and the highest in the sixty year history of the Exchange. The bourse also witnessed notable gains in 2013 with an impressive rise in market capitalization of 49.91% to Kshs. 1.92 trillion ($22.59 billion). Additionally, equity turnover rose by 79.45% from 2012’s Kshs. 86.79 Billion to Kshs. 155.75 Billion in 2013.
Speaking during the press briefing, Mr. Peter Mwangi, Chief Executive of the Nairobi Securities Exchange said that “Our strong financial performance in 2013 was a result of the very strong market performance and the efforts of management to diversify revenue streams from the traditional sources of transaction levy and annual listing”.
This premier financial results announcement highlights the commitment of NSE to being a more transparent and inclusive brand and as the NSE gears itself to list on the Main Investment Market Segment (MIMS) through an initial public offer this year.
Source: NSE
