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Investment
2 mins to read
4

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.

NBR Staff Fri, 23 Feb 2024
Key points
  • Revenue: Up 13% to $108.4 million.
  • Profit: Fell to $13.6m from $14.2m.
  • Key takeaway: Stock exchange operator NZX has reported the weakest equity trading in nine years.

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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NBR Staff Fri, 23 Feb 2024
Contact the Writer: editor@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Tags
NZX Mark Peterson John McMahon full year earnings
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Key points
  • Revenue: Up 13% to $108.4 million.
  • Profit: Fell to $13.6m from $14.2m.
  • Key takeaway: Stock exchange operator NZX has reported the weakest equity trading in nine years.
Company profile
Powered by:
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Related News
Investment

Betashares ETFs coming to NZX
Investment
2

‘Capital markets hungry’: Forbar sees NZX green shoots
Investment
3

Peterson’s NZX tenure extended as profit falls 6%
Investment
3

Smartshares’ value on par with $310m Kiwi Wealth, NZX says
Investment

NZX claims strength despite market volatility
Investment

NZX picks up $1.6b in FUM with QuayStreet buy
Profit slips at NZX on higher costs, weak trading
Investment,
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