TSX Group Inc., the owner and operator of the Toronto Stock Exchange, today said its second-quarter profit climbed 35%, as strong markets drove increased listing and trading revenue.
For the three months ended June 30, net income was $33.5 million, or 49¢ per diluted share, up from $24.9 million, or 36¢, in the year-before period.
Revenues were $85.0 million for the second quarter of 2005, up 14% as compared to $74.4 million for the same period in 2004, reflecting increased revenue in the primary revenue streams, listing, trading and market data.
“We continued to experience robust activity in the capital and energy markets. This was reflected in increased new equity financing activity on both Toronto Stock Exchange and TSX Venture Exchange, significantly higher value traded and transactions on both of our equity markets, higher market data subscriptions and increased volumes in energy contracts traded,” said Richard Nesbitt, CEO of TSX Group Inc., in a release.
The TSX announcement came after markets closed.
TSX shares closed down 97¢, or 2.5%, at $37.90.
TSX Group also announced an increase in its quarterly dividend from 20¢ to 25¢.