- Revenues increased 3% to $21.4 million
- Operating margin of 40% up from 36%
- Net earnings increased 7% to $6.9 million
- Diluted earnings per share of $0.22 compared to $0.24 per share
- Average daily volume of 176,560 contracts, up 1.6%
- Strong financial position - $131 million in cash
Montréal Exchange Inc. (MX) (TSX: MXX) announced yesterday its financial results for the second quarter ended June 30, 2007, including a 7% increase in net earnings to $6.9 million from the same period of 2006.
Revenues for the second quarter 2007 amounted to $21.4 million, representing an increase of 3% compared to $20.7 million in the same period of 2006. This was due principally to a 1.6% increase in trading volumes in the quarter. For the six month period ended June 30, 2007, revenues grew 9% to $43.3 million, mainly because of a 13% increase in trading volumes from the same period of 2006.
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