New Zealand bourse operator falls as FY profit drops

NZX

22/02/2024 23:18

** Shares of NZX Ltd  NZX.NZ  fall as much as 3.96% to
NZ$0.970, set for their worst day since Sept. 28 if current
trends hold
    ** The stock exchange operator posts FY results with NPAT
dropping by 4.3% to NZ$13.6 million ($8.42 million)
    ** Sees FY24 operating earnings, excluding integration and
restructuring costs, to be in the range of N$40 million -
NZ$44.5 million
    ** Stock hits its worst level since Nov. 6
    ** NZX on track for its third consecutive sessions of losses
    ** Stock down over 7% this year, as of last close

($1 = 1.6147 New Zealand dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))