UPDATE: NZX forecasts profit rise as growth initiatives pay off

Tue, 13 Aug 2019

(Updates with company comment from 5th paragraph, reorganises throughout)By Jenny RuthAug. 13 (BusinessDesk) - Stock exchange operator NZX’s first-half net profit jumped 46 percent but only because losses from since sold businesses dragged down the previous first-half result, although it is predicting a better full-year result.Operating earnings from continuing operations rose 4.3 percent and NZX says it is gaining traction with a number of growth initiatives.These include a 73.5 percent increases to $7.7 billion in capital raised across NZX’s...

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