NZX eyes further funds growth, equity listings

By Gavin Evans | Fri, 14 Feb 2020


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...