Monday, October 20th9.2°C
23836
22934

TMX Group post $26.4 million net loss in second quarter after writedown of BOX

TORONTO - TMX Group Ltd. (TSX:X) had a net loss in the second quarter as it recognized the impaired value of some of its assets, primarily its investment in BOX Market LLC, which operates a U.S.-based options exchange.

TMX Group, which owns the Toronto Stock Exchange, TSX Venture Exchange and Montreal Exchange for derivatives, said it had a $26.4 million net loss attributable to its shareholders, or 49 cents per share, in the quarter ended June 30.

That included a $1.31 per share impairment item related to BOX and other assets. Excluding that and other items totalling 19 cents per share, TMX Group's adjusted profit was $1.01 per share.

In the second quarter of 2013, TMX group had net income of $25.5 million or 47 cents per share and 89 cents per share of adjusted earnings.

The group's revenue was virtually unchanged at about $182.3 million.

The BOX writedown is a holdover from the reorganization of TMX Group in its current form, with the majority of its equity hold by members of the Maple Group of investors.

TMX says that the value of goodwill and other intanbile assets related to BOX had fallen by $106.2 million after taxes as of the end of the second quarter, compared with the third quarter of 2012 when they were valued. Of the $106.2 million, $42.6 million was attributable to another investor and $63.6 million to shareholders of TMX Group.

The Canadian Press


Read more Business News

23434


Recent Trending




Today's Market
S&P TSX14227.68+174.71
S&P CDNX810.1318.20
DJIA16380.41263.17
Nasdaq4258.438+41.047
S&P 5001886.76+24.00
CDN Dollar0.8879+0.0015
Gold1246.10+7.10
Oil81.78+0.16
Lumber334.60-0.60
Natural Gas3.696-0.07

 
Okanagan Companies
Pacific Safety0.10-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.11+0.06
Cantex0.08+0.02
Anavex Life Sciences0.19-0.0015
Metalex Ventures0.05+0.005
Russel Metals32.35+0.87
Copper Mountain Mining1.94+0.09
Colorado Resources0.15+0.005
ReliaBrand Inc0.013-0.0028
Sunrise Resources Ltd0.060.00
Mission Ready Services0.45+0.06

 



22784

FEATURED Property
1580635Lot 5 lakeshore Road
10075784 bedrooms
$2,395,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Keep it rubber side down

This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...


Big bank predicts rate hike

Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...


Experts share strategies in Kelowna

The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...

_








Member of BC Press Council


22771