TMX Group Inc. reports results for second quarter 2009

TMX Group Inc. reports results for second quarter 2009

29/07/09

  • Revenue of $137.6 million, up 6% over Q2/08
  • Diluted EPS of 63 cents for Q2/09, down 3% over Q2/08
  • Cash flows from operating activities in Q2/09 of $50.3 million, down 18% versus Q2/08

TMX Group Inc. [TSX:X] announced results for the second quarter and first half ended June 30, 2009.

Thomas Kloet, Chief Executive Officer of TMX Group said: “Performance in the second quarter of 2009 was solid in a challenging business environment. We continued to execute on various strategic initiatives and took important steps to further expand our reach, strengthen our offering and extend our diversified portfolio. We took a 19.9% stake in London Stock Exchange’s derivatives business, EDX London, acquired NetThruPut’s crude oil trading operation and advanced MX’s integration into TMX Group. In the second half, we will leverage these investments, enhance our offering and further sharpen our focus on delivering business value to our customers.”

Michael Ptasznik, Chief Financial Officer of TMX Group said: “We are pleased with the sequential improvement in our quarterly results, reflecting increased trading revenue from TSX Venture Exchange, higher revenue from fixed income and energy trading compared with the first quarter of 2009.”

Click here for details of the second quarter 2009 results.