7 Aug 2009

NZX asset sales boost half year profit

12:46 pm on 7 August 2009

Stockmarket operator NZX has recorded a big boost in half year profit after it sold two assets.

The company made $60.8 million in the six months to the end of June, compared with a profit of $4.9 million the same period last year.

The increase is largely due to the sale of its carbon business TZ1 Registry, and its stake in the Bond Exchange of South Africa, which combined netted the company $62.3 million.

Chief executive Mark Weldon says the NZX's profit before the asset sales and tax is up 3% to $9 million.

Mr Weldon expects the NZX's performance to improve slightly in the next six months, and deliver double digit growth.