NZX says 1st-qtr sales rise 9.6% as debt listings climb, sees Ralec victory

Thu, 28 Apr 2016

By Paul McBeth April 29 (BusinessDesk) - NZX posted a 9.6 percent gain in first-quarter revenue as more companies turned to the debt market to raise funds, driving listing fees for the stock market operator. Revenue rose to $18 million in the three months ended March 31 from $16.4 million a year earlier, the Wellington-based company said in a statement. Of that, listing fees made the biggest contribution at almost $3 million, up 13 percent from a year earlier, despite a sluggish start to the year for initial public offerings. The pick-up...

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