TSX Group Inc. today reported that its fourth-quarter profit jumped by 26% to $35.1 million as equities trading the combined market capitalization of companies listing on its exchanges past the $2 trillion mark.
The operator of the TSX and TSX Venture Exchanges said its quarterly earnings amounted to 51¢ per diluted share, up from 40¢ per share in the same period a year before.
Based on the robust earnings, the company increased its dividend 15% to 38¢ per share.
“We are proud of our accomplishments in 2006 with multiple records being set once again,” CEO Richard Nesbitt said in a news release.
“The market capitalization of our listed issuers exceeded $2 trillion for the first time ever as the number of issuers listed on both of our equity exchanges continued to grow.”
Revenue for the three months ended Dec. 31, 2006 was $91 million, up 19% from $76.3 million in the same period a year earlier.
TSX Group’s profits for the full year increased 27% to $131.5 million, $1.91 per diluted share, from $103.4 million or $1.51 per share in 2005.
Revenue for all of 2006 was $352.8 million, up 22% from $290 million in 2005.
TSX Group profit jumps 26% in Q4
Exchange operator boosts quarterly dividend by 15%
- By: IE Staff
- January 31, 2007 January 31, 2007
- 16:50