UPDATE: NZX 1H earnings decline on fewer IPOs while costs grow

Wed, 19 Aug 2015

(Recasts and updates with comment from CEO throughout, adds detail to Apteryx acquisition) By Suze Metherell Aug. 19 (BusinessDesk) - NZX, the stock market operator, reported a decline in first-half operating earnings as fewer companies listed, but expects more capital raising in the coming six months. The sale of Link Market Services boosted net profit. Profit rose to $18 million in the six months ended June 30, from $7 million a year earlier, reflecting an $11.8 million net gain from the sale of its 50 percent stake in the Link NZ sh...

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