ASX lifts profit, dividend on new listings, but costs also rising

ASX’s new CEO Helen Lofthouse says the further delay to CHESS is disappointing but maintaining technology investment “will remain a strong theme of our strategy”.

New ASX boss Helen Lofthouse declared the additional delay to the CHESS replacement project as disappointing but necessary, as the market operator reported a higher dividend and stronger revenue on the back of a surge in new listings, while operating expenses jumped by 10 per cent.

“I am disappointed that we have extended the timeline for go-live for a third time, and I know that our customers are disappointed too. But we all agree that new CHESS must be implemented safely and with the functionality to serve the market’s needs,” she said. Ms Lofthouse is reporting her first set of results just over a fortnight after taking over from Dominic Stevens after

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