Euronext Q3 Net Profit Drops

Euronext Q3 Net Profit Drops

The FINANCIAL -- Euronext N.V. on November 5 said its net profit for the third quarter was 47.7 million euros, decreasing by 3.7 percent from last year, according to Nasdaq.

This equated to 0.68 euros per share, compared to 0.70 euros per share in the prior year.

Third party revenue increased 18.4 percent to 133.0 million euros from 112.3 million euros, largely driven by an exceptional quarter for listing, extraordinary market conditions propelling strong activity in cash trading and volatility in derivatives, positively impacting both trading and clearing revenues.

Group revenue included 10.3 million euros of ICE transitional revenue and other income which terminated January 1, 2015.

 

Author: The FINANCIAL