The New York Stock Exchange reported that its member firms reported lower profits for 2005.

NYSE firms that conduct business with the public reported fourth-quarter 2005 after-tax profits of US$1.49 billion and revenues of US$66.15 billion, compared to US$3.06 billion in after-tax profits on revenues of US$46.99 billion in fourth-quarter 2004.

For all of 2005, the firms reported after-tax profits of US$6.14 billion on revenues of US$229.82 billion, compared with after-tax profits of US$8.92 billion on revenues of US$160.25 billion for all of 2004.

For fourth-quarter 2005, NYSE specialists reported after-tax profit of US$47 million. During the same period last year, the specialists reported an after-tax loss of US$41 million. Total specialist revenue in fourth-quarter 2005 was US$241 million, compared to US$236 million in fourth-quarter 2004.

For all of 2005, specialists reported after-tax profits of US$166 million on revenues of US$904 million, compared with an after-tax loss of US$38 million on revenues of US$902 million in 2004.