For the First Time TASE Announces a Dividend Distribution of NIS 8.77 Million (NIS 0.0877 per share)
Tel Aviv Stock Exchange Ltd (TASE:TASE) today announced its financial results for the year ended December 31, 2019.
For the First Time TASE Announces a Dividend Distribution of NIS 8.77 Million (NIS 0.0877 per share) to Its Shareholders.
To view summary of the reports plus presentation, both in English, visit: https://info.tase.co.il/Eng/about_tase/IR/news/2020/Pages/2020.aspx
Highlights of TASE’s Results for 2019 and Fourth Quarter of 2019
2019 Results:
TASE revenues amounted to NIS 260 million in the year 2019, an increase of 2% compared to last year.
Adjusted EBITDA increased in 2019 to NIS 62.9 million compared to NIS 61.5 million in last year, an increase of 2%.
Adjusted net profit amounted to NIS 21.4 million in 2019, compared to NIS 20.9 million adjusted net profit last year, an increase of 3%.
As of December 31, 2019, TASE Group has cash balances of NIS 104 million and Israeli government bonds of NIS 205 million. The TASE Group surplus liquidity amounts to NIS 132 million over regulatory liquidity requirements.
Fourth Quarter Results
TASE revenues amounted to NIS 66.4 million in the fourth quarter of 2019, a decrease of 6% compared to the corresponding quarter last year, mainly because of a decrease in the number of trading days between the quarters.
Adjusted EBITDA decrease in the fourth quarter of 2019 to NIS 15.1 million compared to NIS 18.7 million in the corresponding quarter last year, a decrease of 19%.
Adjusted net profit amounted to NIS 3.2 million in the fourth quarter of 2019, compared to NIS 7.0 million adjusted net profit in the corresponding quarter last year, a decrease of 54%.
The Company will also host a conference call today at 8:30 PM (Israel time).
SOURCE: The Tel Aviv Stock Exchange Ltd.