NZX to push sales this year after reshaping business dents 2018 profit

Thu, 14 Feb 2019

By Paul McBeth Feb. 15 (BusinessDesk) - NZX will pursue sales growth this year, after wearing the cost of reshaping its business in 2018 as part of a five-year strategy to revive the capital markets. Net profit fell to $11.6 million in calendar 2018 from $14.8 million. That was largely due to $3 million of impairment charges NZX booked in selling its Farmers Weekly, AgriHQ and grain information businesses, which no longer sat comfortably within the stock market operator's plans to refocus on its core market business. Operating earning...

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