Profit slips at NZX on higher costs, weak trading
Funds management earnings a highlight as markets business affected by nine-year trading low.
Development costs for NZX's Wealth Technologies unit were a drag on the bottom line.
Stock exchange operator NZX has reported the weakest equity trading in nine years as higher earnings from funds management supported a fall in its core markets business.
Net profit for the year to December was $13.6 million, down from $14.2m in 2022.
Revenue rose 13% to $108.4m.
The company announced
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