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NZX today published its half year financial results and interim report for six months ended 30 June 2017.
Please find the following materials attached:
• Announcement: NZX Half Year 2017 Financial Results
• Appendix 1
• Appendix 7
• NZX Interim Report 2017 (including CEO Report, audited financial statements and management commentary on financial results)
• NZX Half Year 2017 Investor Presentation
Financial highlights include:
• Earnings before interest, tax, depreciation and amortization (EBITDA) up 34.4% to $14.5 million, principally reflecting a 18.7% fall in operating expenses;
• Total revenues down 3.6% due to the disposals in the NZX Agri business in late 2016. On a like-for-like basis, revenues were up 1.1%;
• Net profit increased to $8.0 million, up 98% on the equivalent period in 2016 excluding impairment charges and earnout adjustments from the prior year result; and
• The Board reaffirmed that it expects full year 2017 EBITDA to be within a range of $27.0 million to $30.0 million. This guidance assumes no material adverse events, significant one-off expenses or major accounting adjustments.
