NZX’s ‘covid-fuelled’ earnings up 4%

Chief executive Mark Peterson said 2021 was “another year of strong activity” for the exchange. (Photo: supplied)

Thu, 17 Feb 2022

Stock market operator NZX today reported operating earnings up almost 4% – at $34.4 million – in the financial year ended Dec 31, as it raises capital for expansion projects.Excluding acquisition costs, full-year operating earnings hit $35.8m which is fractionally above the guidance range which topped out at $35.5m.NZX chair James Miller said the higher earnings showed “sustained momentum from the extraordinary covid-fuelled activity levels of 2020”.Secondary market liquidity – the business’ largest income st...

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