NZX third quarter revenue shrinks 4.4% in lukewarm environment for new listings

Mon, 30 Oct 2017

By Paul McBeth Oct. 31 (BusinessDesk) - NZX posted a 4.4 percent decline in third-quarter revenue as a tepid environment for new listings weighed on the stock market operator's income. Revenue fell to $18.5 million in the three months ended Sept. 30 from $19.3 million a year earlier, as listing fees dropped 8.7 percent to $3.6 million, only just keeping its position as the Wellington-based company's biggest source of income. Market operations shrank 22 percent to $2.3 million, while the bright point for the market division was a 10 perce...

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