Thursday, August 28th16.7°C
23003
22588

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

23015


Recent Trending




Today's Market
S&P TSX15558.17-44.48
S&P CDNX1022.373.03
DJIA17079.57-42.44
Nasdaq4557.695-11.927
S&P 5001996.74-3.38
CDN Dollar0.9210+0.0002
Gold1281.70-2.1001
Oil94.66+0.11
Lumber349.40+2.40
Natural Gas3.965+0.054

 
Okanagan Companies
Pacific Safety0.195-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.190.00
Cantex0.08+0.01
Anavex Life Sciences0.240.00
Metalex Ventures0.075-0.005
Russel Metals36.39-0.21
Copper Mountain Mining2.91-0.05
Colorado Resources0.180.00
ReliaBrand Inc0.099-0.016
Sunrise Resources Ltd0.0250.00
Mission Ready Services0.25+0.01

 



22852

FEATURED Property
1852793648 keremeos bypass rd
5 bedrooms 4 baths
$530,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


How much mortgage should you carry?

There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage paym...


What is a journey without a destination?

Photo: ContributedI would call it a joy ride... You see a planned project or business has a destination. It may be an ongoing revenue stream, it may be a business value or an exit strategy. If you don...


Joint accounts: what you need to know!

Establishing a joint account may seem like a great strategy at first glance. However, there are many factors that must be considered before taking this action. This article will explore the use of &ls...

_



22885




Member of BC Press Council


22097