SC POSTS RM20.70 MLN NET OPERATING SURPLUS AMID REVENUE GROWTH IN 2024 - REPORT

KUALA LUMPUR, March 20 (Bernama) -- The Securities Commission Malaysia (SC) recorded a net operating surplus of RM20.70 million in 2024 against a net operating deficit of RM56.46 million a year earlier, according to the SC Annual Report 2024 released today.

The commission in its financial statements for 2024 posted a surplus of RM14 million after taxation last year against a RM71.30 million deficit in 2023.

The report noted that its revenue, derived mainly from levies, fees and charges as well as finance income, recorded a higher value of RM300.39 million in 2024, up from RM209.91 million a year ago.

The self-funded statutory body's other income, which includes penalty, recovery of investigation and proceeding costs as well as residual sum, increased substantially to RM19.71 million in 2024 compared with RM5.89 million a year ago.

Meanwhile, the commission's 2024 expenditure rose to RM279.70 million against RM266.36 million in 2023, mainly attributable to staff costs and administrative expenses.

The SC said it invested RM300 million in discretionary mandates in 2024 which are medium- and long-term in nature. These are managed by external fund managers.

"In the previous financial year, the SC invested in quoted unit trusts amounting to RM150 million which are classified as medium-term and long-term investments.

"Included in deposits placed with licensed banks was an amount reserved for planning and implementing capacity building programmes related to the accounting and auditing profession of RM1.9 million (2023: RM3.1 million)," it said.

-- BERNAMA