KEY POINTS:
Stock exchange operator NZX is reporting a 49 per cent lift in third quarter net profit after tax (Npat) to $2.3 million.
NZX chief executive Mark Weldon today said continued strong revenue growth had been the highlight in a volatile market environment.
The company said the lift in Npat for the three months to the end of September from $1.5m in the third quarter of 2006, was achieved on operating revenue up 34 per cent to $8m.
Earnings before interest, tax, depreciation and amortisation (ebitda) rose 70 per cent to $3.9m.
For the nine months of the year so far, earnings after tax lifted 76 per cent to $6.5m, compared to the corresponding period a year ago.
Ebitda for the nine months was up 90 per cent to $11.1m, on operating revenue up 40 per cent to $23.1m. Year-to-date operating expenses were up 17 per cent to $12m.
Mr Weldon said that previously NZX had highlighted its pursuit of a growth and resilience strategy.
Evidence of that strategy working came from ongoing revenue and margin growth and financial performance increasingly independent of short-term market sentiment and conditions, he said.
- NZPA
