Sharechat Logo

NZX normalised net profit up 18%

Monday 28th February 2011

Text too small?

Stock market operator NZX reported an 18% rise in normalised net profit to $11.7 million in 2010, with a "distinct" rise in revenue in the final quarter.

In its comments on the full year result, the company highlighted a 17% rise from 2009 in revenue to $50.2 million, and a 19% rise in ebitdaf (earnings before interest, tax, depreciation, amortisation, and financial instruments) to $20.9 million.

Bottom line profit fell 76% to $9.3 million, with 2009 having included the proceeds of asset sales. A dividend of 10c is to be paid for 2010.

NZX said the result was delivered against a backdrop of difficult market conditions, with contributions to the result having come from across the entire business, but most notably in the areas of agricultural information, clearing house participation, technology contracts and new product development.

Operating expenditure grew to $29.3 million compared with $25.3 million in 2009, but was managed to lower levels in the fourth quarter following the completion of several large, capital-intensive projects.

 

NZPA



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

SML - Synlait Milk Limited - Trading Halt of Securities
AIA - Auckland Airport announces board chair changes
AIA - Auckland Airport announces board chair changes
CEN - Tauhara commissioning progress update
FPH initiates voluntary limited recall
March 28th Morning Report
KFL Celebrates 20 Years of Excellence in Investment Mgmt.
SVR - Savor FY24 Earnings Guidance & Change in Banking Partner
NZK - NZ King Salmon Investments Limited FY24 Results
March 27th Morning Report