NZX lifts 1Q sales 9.1% on fund management, offsetting derivatives drop

Thu, 30 Apr 2015

By Suze Metherell May 1 (BusinessDesk) - NZX lifted first quarter sales 9.1 percent as the stock market operator's expanded fund management business offset a drop of it in its derivatives and agriculture operations. Revenue rose to $16.4 million in the three months ended March 31, from $15.1 million in the same period a year earlier, the Wellington-based company said. Its funds management delivered $1.75 million in extra income, of which the Superlife acquisition added $1.5 million. NZX acquired fund manager Superlife this year for $20...

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