NZX full-year profit falls 32 percent on one-time costs as sales edge up

Sun, 17 Feb 2013

Feb. 18 (BusinessDesk) – NZX, the stock exchange operator, posted a 32 percent decline in full-year profit as one-time costs contributed to expenses growing faster than sales. Profit fell to $9.86 million, or 3.69 cents a share, in calendar 2012, from $14.5 million, or 5.64 cents, a year earlier, the Wellington-based company said in a statement. Sales rose 2.3 percent to $55.99 million, while expenses climbed 15 percent to $34 million. Investors have been upbeat about the outlook for NZX, with the prospect of big new listings such as Mighty...

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