NZX eyes further funds growth, equity listings

NZX eyes further funds growth, equity listings
Gavin Evans
Share market operator NZX is picking another strong year ahead, with its funds under management already exceeding $4 billion and expectations for additional equity listings. The company today reported a 7 percent lift in full-year net profit and a 10 percent increase in operating earnings on the back of a near-doubling of the value of capital raised in 2019 and a 36 percent increase in funds under management. Operating earnings from continuing operations beat NZX's own forecast, rising to $31.4 million in calendar 2019 from $28.6 million...

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