Stock exchange operator NZX has unveiled a 20 per cent increase in net profit to $7.8 million for the nine months to the end of September.
Operating revenue was up 4 per cent to $24 million from the corresponding period a year earlier, while group operating expenditure
was down 3 per cent to $11.6m.
For just the third quarter, net profit rose to $2.83m from $2.29m a year earlier, with revenue up to $8.11m from $8.04m.
During the third quarter the total value traded on the NZX was down 14 per cent, from a year earlier, to $7.94 billion, but the number of trades was flat near 161,400.
Chief executive Mark Weldon said NZX had changed the shape of the business ahead of the need to do so, and was in good shape to meet the challenges market conditions were throwing at the company.
Data business revenue increased 15 per cent in the nine months to $8.81m, with real-time data terminal numbers not significantly impacted by the global credit crisis environment.
Total listings revenue for the nine months was down 4 per cent to $6.36m, while trading, clearing and settlement revenue fell 6 per cent to $3.46m.
Major work continued toward the development of a new clearing and settlement system to upgrade the capital market risk management infrastructure, and enable futures and commodities to be traded on market, NZX said.
NZX shares closed at $5.93 yesterday, down from a year high of $9.80 last November.
- NZPA
