NZX confirms slump in 1H profit; Agri information stands out as bright spot

NZX confirms slump in 1H profit; Agri information stands out as bright spot
Aug. 20 (BusinessDesk) - NZX, New Zealand’s stock market operator, posted a 28 percent drop in first-half profit as revenue growth stalled and expenses rose, squeezing its earnings margin. Profit was $3.25 million in the six months ended June 30, from $4.5 million a year earlier, the Wellington-based company said in a statement. Operating revenue rose 1 percent to $26.5 million. The first-half results confirm NZX’s Agri information unit as the biggest source of revenue, growing 8 percent to $6.2 million in the latest period, driven by growth...