NZX's profit slips, trading volumes lowest in nine years

NZX's profit slips, trading volumes lowest in nine years
(Image: Getty)
Riley Kennedy
Stock exchange operator NZX Ltd’s profit slipped just over 4% in the last financial year, which saw trading volumes at their lowest in nine years.The company reported a net profit of $13.6 million for the 2023 year, down 4.3% from $14.2m in the year prior.Operating earnings before interest, tax, depreciation and amortisation (ebitda), however, were up 9.6% to $40.1m. The ebitda excluded acquisition and integration costs. While the S&P/NZX50 produced a return of 2.3% for the year, trading and clearing volumes – a key earning...

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