Toronto Stock Exchange operator TMX posts quarterly profit
TORONTO (Reuters) - TMX Group Ltd X.TO, the operator of the Toronto Stock Exchange, posted a quarterly profit compared with a year-ago loss which included a non-cash impairment charge.
The Toronto-based company said it had earned net profit attributable to shareholders of C$27.6 million, or 51 Canadian cents per share, in the quarter, compared with a loss of C$26.4 million, or 49 Canadian cents per share, a year earlier.
The company took a C$128.4 million pre-tax non-cash impairment charge related to its Box U.S. options business and other costs last year.
Revenue fell marginally to C$178.7 million.
(Reporting by Alastair Sharp in Toronto and Anannya Pramanick in Bengaluru; Editing by Lisa Shumaker)
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