NZX boosts 2017 profit 62% as slimmed down agri unit trims costs, Farmers Weekly sold

Sun, 18 Feb 2018

By Paul McBeth Feb. 19 (BusinessDesk) - NZX boosted annual profit 62 percent, cutting costs by trimming down its agri publishing unit and refocusing on its core markets business which relied on a glut of new debt listings to offset the lack of new equity initial public offerings and several delistings in the year. Net profit rose to $14.8 million, or 5.5 cents per share, in calendar 2017 from $9.2 million, or 3.4 cents a year earlier, the Wellington-based company said in a statement. Revenue slipped 2.9 percent to $75.3 million, reflecti...

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