NZX says operating earnings will reach top of guidance

Mon, 09 Dec 2019

NZX now expects operating earnings for calendar 2019 to come in at the top of its guidance range reflecting increased capital raisings, one-off revenue from its data and insights operations and consulting revenue from energy contracts. The stock exchange operator said earnings before interest, tax, depreciation and amortization should be "around the top" of its $28 million to $31 million guidance. "The guidance is subject to market outcomes. It assumes no material adverse events, significant one-off expenses or major accounting adjustment...

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