Canada's TMX doubles second-quarter profit

Wed Aug 3, 2016 7:39pm EDT
 
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Aug 3 (Reuters) - TMX Group Ltd, Canada's biggest stock exchange operator, reported on Wednesday that its second-quarter profit more than doubled, helped by lower operating expenses and higher revenue.

The Toronto-based company said net profit attributable to shareholders rose to C$58.3 million, or C$1.07 a share, from C$27.6 million, or 51 Canadian cents a share, a year earlier.

Revenue rose about 9 percent to C$194.6 million, the company reported late on Wednesday. (Reporting by Ismail Shakil in Bengaluru and Alastair Sharp in Toronto; Editing by Leslie Adler)