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NZX has today released its Q3 2011 Operating Metrics, which show operating revenues up 13.9% on the third quarter of last year.
NZX's integrated Information, Markets and Infrastructure businesses continue to deliver strong topline growth in yet further changed macro conditions.
“We indicated at our Investor Day in March this year that our markets, and our shareholders, would see the positive impact of NZX’s deliberate strategy of building non-correlated revenue streams off a common operating infrastructure.
“The overall business remains on track to meet expectations.” said NZX CEO Mark Weldon.
“Also, having New Zealand recognised as a global centre for agricultural markets, and the information that feeds them, is proving a sound and logical base to drive further growth.”
In February 2011, the NZX Board adopted a new dividend policy, with the 2011, 2012 and 2013 financial year dividends expected to increase by not less than one cent per share each year. From June 2011, NZX's dividend has been paid quarterly in order to provide more consistent cash flow to shareholders.
Our expectation is that a Q3 dividend for NZX shareholders will be declared and paid in early December 2011.
ENDS
