First half profits for NZX are down by more than a fifth, but the stock exchange operator says revenue is growing across all parts of its business.
NZX made $4.5 million in the six months to the end of June - 21% less than in the same period last year, largely due to foreign exchange losses.
When those are stripped out, underlying profit rose 42% to $6.6 million.
Revenue rose 11% to $26.6 million, while costs fell 3% to $14.9 million.
Chief executive Mark Weldon says there is growth across all parts of its business, but securities trading in particular had a bumper first half.
NZX has not issued a full year forecast, but it usually generates more of its revenues in the second half of the year and it expects that trend to occur again this year.
Shares in NZX have risen four cents to $2.24. A quarterly dividend of 2.75 cents per share will be paid.