Nairobi, March 31 -- The Nairobi Securities Exchange (NSE) reported a 34 percent increase in net profit to Sh18.4 million in the year ended December, helped by higher revenue from sale of market data.

Its turnover rose to Sh662.32 million from Sh642.76 million in the period, while expenses rose to Sh596 million from Sh550.9 million in 2022.

Despite a lower operating profit, the NSE was able to grow its bottom line due to a fall in its share of losses arising from its holdings in the Central Depository & Settlement Corporation Limited (CDSC) to Sh19.43 million from Sh46.54 million in 2022.

The NSE holds a beneficial stake of 40.5 percent in the CDSC.

"This growth is attributed to the non-trading income growth strategy adopted by the bo...