Sunday, September 21st10.7°C
23284
22285

TMX Group increases Q1 net income by 23 per cent on higher revenues

TORONTO - TMX Group Ltd. (TSX:X), the operator of the country's largest stock market, is reporting a higher first-quarter net income of $46.4 million, or 86 cents per share.

That's up 23 per cent from $37.8 million, or 70 cents per share, in the same quarter of 2013.

The owner of the Toronto and TSX Venture stock exchanges, Montreal derivatives market and other securities exchanges says revenue was $182.1 million, up six per cent, compared with revenue of $172.2 million year-over-year.

TMX Group's adjusted earnings per share diluted for the three months ended March 31 were $1.05, excluding acquisitions and other costs. That's up 35 per cent from 78 cents in the same quarter last year.

"We are extremely pleased with the company's operating performance this past quarter across all of our businesses," CEO Thomas Kloet said in a statement on Friday.

"In particular there was evidence of some turnaround in market activity, which translated into increased additional financings on Toronto Stock Exchange as well as higher cash, Canadian derivatives and energy markets trading and clearing volumes," he said.

Kloet said the integration of TMX Group Inc. with two companies acquired from the Maple Group is now largely complete.

The Maple Group's members, which included several major Canadian banks, pension funds and other financial businesses, became the leading shareholders of TMX Group during 2012.

As part of the deal, TMX Group acquired Maple Group's Alpha trading system and CDS Inc., which runs the main clearing house for Canadian securities.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX15265.35-200.19
S&P CDNX955.06-10.73
DJIA17279.7413.75
Nasdaq4593.426-13.637
S&P 5002010.40-0.96
CDN Dollar0.9126+0.0004
Gold1216.90-10.00
Oil92.45-0.62
Lumber329.00-0.90
Natural Gas3.911-0.064

 
Okanagan Companies
Pacific Safety0.16-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.37+0.05
Cantex0.05-0.01
Anavex Life Sciences0.223-0.0031
Metalex Ventures0.060.00
Russel Metals35.75-1.26
Copper Mountain Mining2.66-0.02
Colorado Resources0.165-0.01
ReliaBrand Inc0.0249+0.0009
Sunrise Resources Ltd0.02-0.005
Mission Ready Services0.29-0.01

 



23171

FEATURED Property
1993006391 Morden Road
$549,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Is this a fair offer from ICBC?

“Is this a fair offer from ICBC?”…. “How much should I settle for?”… “What is my claim worth?” These are just some of the questions I regularly get as...


Disruptive innovation

Last night I was privileged to be able to speak at the Greater Westside Board of Trade business awards dinner. Photo: ContributedI talked about Innovation and Collaboration which are two very interes...


Executors and their duties

There will be a time when you will need to decide who you should appoint as executor of your Will. As well, there may be a time when you will be asked by someone to act as the executor of his or her W...

_








Member of BC Press Council


23262