30 Oct 2009

Operating earnings up at NZX

12:02 pm on 30 October 2009

NZX says earnings have risen, as companies continue to raise money through the stockmarket and the growth of its agriculture business.

The company says operating earnings rose 8% to $14.7 million in the nine months to the end of September, compared to the same period a year ago.

Revenue rose 29% to $31.1 million, with listings contributing a third of that.

Chief executive Mark Weldon says NZX has worked hard on diversifying its operations. Agriculture, including Farmers Weekly, now contributes 16% of sales.

Overall, NZX made a profit of $58.4 million in the period, which was swelled by the sale of its carbon business TZ1 Registry and its stake in the Bond Exchange of South Africa.

These netted a combined $62.3 million.