TMX posts quarterly profit helped by cost cuts
Feb 13 (Reuters) - TMX Group Ltd posted a net profit for the fourth quarter, compared with a loss in the year-ago period, boosted by cost cuts.
The owner of the Toronto Stock Exchange said the net profit attributable to shareholders was C$52.6 million ($40.2 million), or 95 Canadian cents per share, in the last three months of 2016, compared with a loss of C$159 million, or C$2.92 per share, a year earlier.
Revenue rose 7 percent to C$189.4 million.
($1 = 1.3074 Canadian dollars) (Reporting by Vishal Sridhar in Bengaluru; Editing by Amrutha Gayathri)
Terms and Privacy Policy