Tuesday, April 28th18.9°C
24963

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

25926


Recent Trending




Today's Market
S&P TSX15327.21-16.87
S&P CDNX694.68+4.58
DJIA18076.95+38.98
Nasdaq5056.99-3.26
S&P 5002111.94+3.02
CDN Dollar0.8313+0.0042
Gold1205.30+2.00
Oil57.19+0.20
Lumber251.00-5.20
Natural Gas2.51+0.02

 
Okanagan Companies
Pacific Safety0.115+0.035
Knighthawk0.010.00
QHR Technologies Inc1.43+0.03
Cantex0.03-0.01
Anavex Life Sciences0.375-0.020
Metalex Ventures0.095+0.000
Russel Metals27.00-0.05
Copper Mountain Mining1.23-0.02
Colorado Resources0.095-0.005
ReliaBrand Inc0.004-0.001
Sunrise Resources Ltd0.04+0.00
Mission Ready Services0.19-0.01
Decisive Dividend Corporation1.80+0.10

 



25918

FEATURED Property
2179068 #1101 737 Leon Avenue
2 bedrooms 2 baths
$308,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Buy versus rent

Consider the top five reasons to buy versus rent: #5 Experience Freedom: Home ownership will free you from the ties that bind you to a landlord...no longer will you be dependent on someone else&rsq...


What's your score?

There was a time when we would sit down with nothing more than a sheet of paper and a sharp pencil to do the math. Totalling our expenses and subtracting our revenue, the amount left over was the answ...


Do you dare to dream?

Photo: Thinkstock.comI have never been able to understand why some people can only see as far ahead as the end of the current day. Instead of aiming for long term goals, they just wallow in their ever...

_



25482

25482


Member of BC Press Council


25346