NZX boosts FY profit 82% on Link Market sale, revenue buoyed by funds management

Tue, 23 Feb 2016

By Sophie Boot Feb. 24 (BusinessDesk) - NZX lifted annual profit 82 percent in 2015 as the one-off gain from the sale of its Link Market Services division bolstered flat earnings, even as revenue got a boost from the stock market operator's expanded funds management business. Net profit rose to $23.9 million in calendar 2015, from $13.1 million a year earlier, the Wellington-based exchange said. That included an $11.8 million gain from the sale of share registry NZ Link. Earnings before interest, tax, depreciation and amortisation were u...

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