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NZX has released its Group 1H financial result showing operating revenue of $23.93 million.
The new businesses of agri and energy in New Zealand and the Clear Grain Exchange in Australia showed revenue improvement under challenging global conditions. In addition, NZX maintained its intensive cost management focus.
"It is difficult to compare directly with the first half of 2009, as the shape of the total business has changed so fundamentally since then," said NZX CEO Mark Weldon.
"That period included the acquisitions of the energy and agri businesses, some of the post-trade systems area and, later in 2009, the Clear Grain Exchange. In addition, there were one-off gains from the disposition of TZ1 and BESA shares".
"However, for an apples-to-apples comparison, were NZX not to have reshaped the business via additional investments in 2009, we would have seen EBITDAF fall by greater than 20%."
NZX has released its Group 1H financial result showing operating revenue of $23.93 million.
The new businesses of agri and energy in New Zealand and the Clear Grain Exchange in Australia showed revenue improvement under challenging global conditions. In addition, NZX maintained its intensive cost management focus.
"It is difficult to compare directly with the first half of 2009, as the shape of the total business has changed so fundamentally since then," said NZX CEO Mark Weldon.
"That period included the acquisitions of the energy and agri businesses, some of the post-trade systems area and, later in 2009, the Clear Grain Exchange. In addition, there were one-off gains from the disposition of TZ1 and BESA shares".
"However, for an apples-to-apples comparison, were NZX not to have reshaped the business via additional investments in 2009, we would have seen EBITDAF fall by greater than 20%."
"This is evidence that NZX's strategy to grow the company in the related areas ofinformation, markets and infrastructure is positioning NZX well for the future," said Weldon.
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