TSX Group Inc. today said its first-quarter profit jumped 16.7% as stronger listing, trading, and market data fees boosted revenue.
TSX, which owns and operates the Toronto Stock Exchange, had net income of $30.1 million, or 88¢ per diluted share, in the quarter ended March 31. This compares to a profit of $25.8 million, or 76¢, in the year-before period.
Revenues at TSX, which also operates the small cap Vancouver-based TSX Venture Exchange and Calgary-based energy trading platform NGX, rose 10.3% to $82.1 million from $74.4 million.
Meanwhile, the board of Directors of TSX Group declared a dividend of 40¢ on each common share outstanding, before giving effect to the proposed two-for-one split of the common shares, payable on June 30.
The dividend will be paid as a dividend of 20¢ per common share if and when the shares commence trading on a post-split basis.