Irish Stock Exchange’s pretax profit falls 17 per cent
, saw its pretax profit drop 17 per cent to €18.6 million last year as share trading levels declined amid the exit of, also showed that the company handed over €16.2 million in dividends to its parent earlier this year on the back of the results for 2023.
However, the company’s prized global bond listings business – the world’s leading exchange for such activity – had a strong year, with 7,373 debt instruments admitted to listing, fuelled by green bonds. As of the end of 2023, some 44,190 debt instruments were listed on the exchange. However, the total number of investment fund classes listed on the Irish bourse fell 17 per cent to 2,244. This continues a trend of investment fund delistings in recent years as a result of heightened regulation and increased cost pressures on asset managers.
The number of companies on the Iseq All-Share index has fallen by more than 50 per cent to 25 since Euronext acquired the exchange in 2018, as takeovers and delistings of public companies outweighed initial public offerings . Only three companies have come to the market in Dublin in the past five years.
“The company is working closely with the equity markets ecosystem to develop proposals for the Irish Government which, if implemented, would be impactful in creating more accessible and attractive public equity markets to support the growth and funding needs of scaling Irish companies,” it said.
Dublin Companies-Registration-Office Crh Smurfit-Kappa Flutter
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