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Please see attached NZX's Annual Meeting speeches being presented by Chairman James Miller and CEO Mark Peterson at the 14th Annual Meeting of shareholders of NZX Limited being held this morning in Wellington.
These materials include an update on our financial results for the five months ended 31 May 2017. Key highlights are:
- Earnings before interest, tax, depreciation and amortization are 38% up on the prior year;
- Total revenue was 2.3% down on the prior year due to the disposal of parts of our Agri business, on a like-for- like basis revenue was up just under 3%; and
- Operating expenses were down 18% on last year, which drove the significant uplift in earnings. This reflects disciplined cost control within our ongoing operations and the absence of non-recurring costs incurred in 2016.
