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LSEG sees 19 pct pre-tax profit increase in 2014

Xinhua, March 5, 2015 Adjust font size:

London Stock Exchange Group (LSEG) Thursday announced that it saw a profit before tax of 491.7 million pounds (750 million U.S. dollars), up by 19 percent from the previous 412.7 million pounds.

LSEG's revenue was up by 32 percent to 1.28 billion pounds, with growth across all main business areas, it said in a statement.

Adjusted basic earnings per share increased by eight percent to 1.03 pounds for the year 2014, data also showed.

LSEG said it was strongly positioned to develop further as a market infrastructure provider. The group has successfully acquired Frank Russell Company, and signed new licensing agreement with the Chicago Board Options Exchange to develop index options. LCH.Clearnet, a clearing service arm of the group, is set to launch new, open access, portfolio margining service, it noted.

Xavier Rolet, Chief Executive of LSEG, said: "The Group has delivered another strong financial performance, with organic growth in all business areas and contribution from acquisitions."

"Our focus in the year ahead is to further develop opportunities across the group, from our increased product range and extended geographic reach," he said.

LSEG said it has proposed final dividend of 12.8 pence, or 0.128 pounds per share to its shareholders, up by 6.5 percent from a year prior. (1 pound = 1.52 U.S. dollars) Endit