Euronext records 61% growth in first-half net profit.

From: Financial News | Date: August 30, 2002 | Copyright information

Byline: Heather McKenzie

Net profit at Euronext, the pan-European exchange, has jumped 61% in the six months to June 30, driven by increased derivatives trading following the acquisition of Liffe in January.The figures put the exchange on track to outperform its 2002 forecasts. Net profit was [euro]133m ($131m) on revenues of [euro]491m.

Revenues from software and solutions grew by 41% to [euro]70.6m, of which [euro]9.5m was generated by Liffe Market Solutions, and the rest by Euronext's software subsidiary, GL Trade.

Derivatives trading revenues increased by 13.3% to ...

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