Sharechat Logo

NZX Limited (NZX: NZX) Full Year 2020 Results & Annual Report Published

Wednesday 17th February 2021

Text too small?

NZX today announced operating earnings from continuing activities of $34.4 million for the financial year ended 31 December 2020, up 9.7% on FY2019.

NZX reports step-change in growth, with further lift in earnings

• Operating earnings up 9.7% to $34.4m

• Record trading levels, with 41.8% increase in value traded to $53.7b

• Revenue growth across Capital Markets, Smartshares, NZX Wealth Technologies

• Net profit after tax (NPAT) was $17.6m, up 20.1%

• FY2021 operating earnings guidance range $31.5m to $35.5m

NZX Chair, James Miller, said that – while 2020 presented challenges for many sectors of the economy – the extraordinary year provided the opportunity for New Zealand’s capital markets to provide essential capital funding for businesses in need.

“Never before has the value of having access to capital been so evident for New Zealand businesses. We have also seen the most significant re-engagement with equities as an investment class in the past 30 years.”

The S&P/NZX 50 (Gross) finished the year at 13,092 – up a further 14% on the substantial lift the previous year. The total market capitalisation of all NZX listed securities across equity, fixed income and fund asset classes now exceeds $233 billion and sits at 76.6% of New Zealand’s GDP (Gross Domestic Product).

Mr Miller said: “This has been a year of record activity in our market, and the environment has supported the growth in NZX’s operating earnings to a new high, slightly above our guidance range”.

The NZX Board has declared a final dividend of 3.1 cents per share to be paid on 26 March 2021, contributing to a FY2020 dividend of 6.1 cents per share, fully imputed. Together with the strong appreciation in NZX’s share price, the total shareholder return (TSR) for the year ended 31 December 2020 was 50.3%.

Please see the links below for details:

NZX Annual Report 2020 (including audited financial statements)

NZX Full Year 2020 - Results Announcement

NZX Full Year 2020 - Distribution Notice

NZX Full Year 2020 Results - Investor Presentation

NZX Full Year 2020 - News Release

NZX Full Year 2020 Results - Shareholder Letter

NZX Nomination of Directors Announcement

Source: NZX Limited



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

16th September 2021 Morning Report
15th September 2021 Morning Report
Seeka Limited (NZX: SEK) Announces Further Kiwifruit Acquisition
Briscoe Group Limited (NZX: BGP) Half Year Results Announcement
14th September 2021 Morning Report
Stride Property Ltd & Stride Investment Management Ltd (NZX: SPG) Office Fund Established and Conditional Acquisition
Third Age Health Services Limited (NZX: TAH) Announces Acquisition of Belmont Medical
13th September 2021 Morning Report
Infratil Limited (NZX: IFT) Commits to Development of Renewables in Asia
10th September 2021 Morning Report