The New York Stock Exchange is reporting improved profit for the second quarter ended June 30.

After the bell Monday, NYSE said net income rose US$13.0 million for the quarter, up from US$5.0 million in the year-ago quarter, but down from US$26 million for the first quarter of 2005.

Revenues for second quarter were US$276.3 million, up US$4.3 million or 1.6% versus the second quarter of 2004. Listing fee revenue was US$85.5 million, an increase of US$3.6 million or 4.4%, regulatory fees increased US$3.4 million or 11.7% to US$32.2 million and market information fees rose US$4.2 million or 10.0% to US$46.3 million. Data-processing fees declined by US$5.7 million, or 10.7%, however.

Regulatory fees increased as NYSE members reported higher revenues for the period. Market information fees increased due to growth in NYSE’s proprietary data products, professional subscribers and non-recurring revenues from previously uncollected charges.

Compared to the first quarter of 2005, second quarter revenues decreased 4.2% or US$12.2 million. The main factor was the fact that the exchange collected a US$19.0 million regulatory fine and had other non-recurring revenues during the first quarter of 2005.

Expenses were US$254.7 million, down 5.0% from second quarter 2004. The decreases were driven by reduced general and administrative expenses, down US$4.5 million or 20%. Professional services spending also decreased by US$5.4 million or 13.2% due to reduced legal expenses as compared to second quarter 2004.