NZX first-quarter revenue dips 1.7% as agri sales slide

Sun, 30 Apr 2017

By Paul McBeth May 1 (BusinessDesk) - NZX revenue dipped 1.7 percent in the first three months of the year as sales from the stock market operator's recently overhauled agri division slumped by almost a third. Revenue fell to $17.7 million in three months ended March 31 from $18 million a year earlier, the Wellington-based company said in a statement. Its agri division was the only unit to post a decline in revenue, falling 30 percent to $2.1 million. Agri was a drag on NZX last year, prompting the stock market operator to quit its Clear...

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