NZX Ltd boosted first half profit by 42%

Indonesia stock info NZX Ltd boosted first half profit by 42% ; Stock market operator NZX Ltd boosted first half profit by 42% to $6.62 million before unusual items, with revenue up 11% to $26.59 million.

Operating profit climbed by 36% to $11.65 million for the six months to June 30 with revenue growth in markets and infrastructure the standout contributors.

Chief executive Mark Weldon noted that NZX was traditionally a second-half business, with an average of 54% of annual revenues earned in the six months to December.

“NZX expects a strong second-half trend to occur again this year, reflecting some seasonal factors, price adjustments across a large percentage of the revenue base.”

Operating spending declined by 3% to $14.94 million.

Directors declared a quarterly dividend of 2.75 cents per share, fully imputed, payable on October 29.

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