OMX net rises 30% to $35 m; sales up 23%
Nordic stock exchange operator OMX said on Wednesday its earnings rose 30% on growing trade revenue in the third quarter despite the uncertainty about the company’s future ownership.
By Agencies |
STOCKHOLM: Nordic stock exchange operator OMX said on Wednesday its earnings rose 30% on growing trade revenue in the third quarter despite the uncertainty about the company’s future ownership.
Stockholm-based OMX said net profit in the July-September period was 223 million kronor ($34.6 million), up from 171 million kronor in the third quarter of 2006. Sales increased 23% to 1 billion kronor ($160 million), from 817 million kronor in the year-ago period.
OMX has been targeted by many takeover offers recently, the latest being a joint $4.9 billion bid by Nasdaq Stock Market and Borse Dubai. OMX chief executive Magnus Bocker said the positive result in the third quarter shows that “the turbulence surrounding OMX has not materially affected the company’s daily operations.”
Stockholm-based OMX said net profit in the July-September period was 223 million kronor ($34.6 million), up from 171 million kronor in the third quarter of 2006. Sales increased 23% to 1 billion kronor ($160 million), from 817 million kronor in the year-ago period.
OMX has been targeted by many takeover offers recently, the latest being a joint $4.9 billion bid by Nasdaq Stock Market and Borse Dubai. OMX chief executive Magnus Bocker said the positive result in the third quarter shows that “the turbulence surrounding OMX has not materially affected the company’s daily operations.”
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