NZX posts 22 percent rise in annual profit as strong activity in capital markets offsets weaker Agri unit

Thu, 20 Feb 2014

By Tina Morrison Feb. 21 (BusinessDesk) – NZX, New Zealand’s stock exchange operator, posted a 22 percent rise in annual profit as strong activity in capital markets offset a weaker performance from its Agri division. Profit increased to $12.1 million in calendar 2013, from $9.9 million in 2012, the Wellington-based company said in a statement. The result lagged First NZ Capital’s $14 million profit estimate. NZX took a $2.6 million charge in 2013 to write down the value of investments in Clear Grain Exchange and NewsRoom. New Zealand’s sto...

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