NZX posts 8.3% gain in full-year profit on securities data, listing fees, funds

Mon, 16 Feb 2015

By Jonathan Underhill Feb. 17 (BusinessDesk) - NZX, which made its biggest-ever acquisition by buying funds manager SuperLife in 2014, posted annual profit growth of 8.3 percent after raising prices for securities data and benefiting from increased listing fees and funds management revenue. Profit rose to $13.1 million in calendar 2014, from $12.1 million a year earlier, the Wellington-based company said in a statement. Sales rose 3.8 percent to $65.2 million. Profit missed First NZ Capital's forecast of $15.2 million. NZX shares fell 1.7...

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