NZX 1H earnings fall as it rejigs business for growth; special dividend declared

Tue, 14 Aug 2018

By Tina Morrison Aug. 15 (BusinessDesk) - NZX first-half earnings fell as it lifted spending as part of a plan to position itself for future growth. It will return cash from the sale of non-core assets to shareholders as a special dividend. Operating earnings from continuing operations fell 5.1 percent to $13.2 million in the six months ended June 30, the Wellington-based company said in a statement. Operating revenue advanced 2 percent to $33.4 million while operating expenses increased 7.3 percent to $20.2 million. For the stock mark...

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