NZX upgrades guidance and adds new issuers

Wed, 02 Dec 2020

Stock exchange operator NZX said it expects 2020 operating earnings to land at about $33.5 million, the high end of its guidance range, as the covid-crisis has driven demand in public markets.The pandemic-era economic environment had highlighted the value of the public markets as companies sought capital to shore up balance sheets and fuel growth, the company said in a statement.The firm's 2019 operating earnings were up 9.8 percent at $31.4 million. This new forecast would put growth for the calendar year at a slower rate of 6.7 percent.Ho...

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