ISE primary business and revenues increase

Exceptional charges dragged profits down by nearly €1 million at the Irish Stock Exchange (ISE) last year, but the market still saw primary business increase and overall annual revenues rise by 4%.

New figures show that total revenue for 2011 amounted to €21.3 million — up by 4% on 2010 levels. However, pre-tax profits for the ISE fell by €900,000 to €4.6m; on account of a one-off exceptional pension charge.

The €2m charge arose from the decision to close the ISE’s defined benefit pension scheme, during the year, and replace it with a defined contribution plan.